EV Subsidies: Government Support or Unfair Advantage?

CGTN Europe

Why are Chinese EV makers dominating the global market? The EU claims unfair subsidies, but the reality is far more complex.   From early government support to Tesla’s disruptive impact in China, we break down how policy, innovation, and competition shaped the industry.   Whether China’s rise is a result of subsidies—or simply a smart strategy?   Dive in to find out.   #ShockingTheSystem #ElectricVehicles #ChineseEV

Transcript

00:00The EU's claim of unfair practices, rejected as unjustified by China, obscures other reasons

00:12for Chinese vehicle makers commanding lead in the race to the electric future.

00:17So what's really going on?

00:48But foreign companies could get those too.

00:51Tesla's Gigafactory in Shanghai, built in 2019 with central government backing,

00:56is credited with jolting Chinese companies into upping their game.

01:00There's a Chinese proverb that is like the catfish effect.

01:04And you throw a catfish in a pond with lazy fish and all the fish get stronger because of the catfish.

01:12I think a lot of people use that as an analogy with Tesla entering the China market

01:17because it strengthened all the other players.

01:19There is no nation that has built a competitive transportation sector

01:24that didn't have a heavy hand of government intervention.

01:27I mean, the nationwide US highway system was not the creation of the automotive industry.

01:34There's ample precedent for that everywhere in the world, not just in China.

01:38And if that's in the strategic interest of your industry,

01:41if it makes your domestic competitors more competitive versus the global auto industry,

01:47then so be it. That's what policy should be guiding.

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