New Energy Vehicles (NEVs) in China

EV subsidies doubled in China​

bd popeye said:

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People look at a hydrogen-powered motorcycle displayed during the 2024 China International Fair for Trade in Services (CIFTIS) at the China National Convention Center in Beijing, capital of China, Sept. 13, 2024. Themed "Global Services, Shared Prosperity," the 2024 CIFTIS is held at the China National Convention Center and the Shougang Park in Beijing from Sept. 12 to 16. (Xinhua/Ding Hongfa)

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A staff member (L) introduces chassis technologies of a new energy vehicle to a visitor during the 2024 China International Fair for Trade in Services (CIFTIS) at the Shougang Park in Beijing, capital of China, Sept. 13, 2024. (Xinhua/Li Mangmang)

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A visitor learns about a hybrid new energy motor during the 2024 China International Fair for Trade in Services (CIFTIS) at the Shougang Park in Beijing, capital of China, Sept. 13, 2024.(Xinhua/Chen Zhonghao)

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Spectators learn about new energy vehicles during the 2024 China International Fair for Trade in Services (CIFTIS) at Shougang Park in Beijing. (People's Daily Online/Weng Qiyu)

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bd popeye said:

EV subsidies doubled in China​

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Ah, the great American quest for subsidies, now applied to the automotive industry! Here's the lowdown on how much US car makers might have benefited from the Inflation Reduction Act (IRA), based on the whispers and shouts from the digital town square known as X:

• Tesla: There's chatter that Tesla could be looking at a hefty sum, with estimates floating around suggesting up to $41 billion in credits by 2032. This includes not just the consumer EV credit but also manufacturing tax credits for battery packs. But remember, these are projections, not confirmed bank deposits.
• Big Three (Ford, GM, Stellantis): The conversation gets a bit murkier here. There's mention of significant figures, like Ford receiving $9.2 billion, GM with $2.5 billion for battery tech, and a collective pot for a "Just Transition" to EVs. However, these numbers often blend direct grants, loans, and potential tax credits, making it a bit like trying to count jelly beans in a jar through frosted glass.

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Ah, the Great American Car Maker Bailout of 2008! A tale of economic woe, government intervention, and the kind of numbers that make your average citizen's eyes water. Here's the gist, based on the collective wisdom of humanity's digital town square, X:

• Initial Emergency Loans: President Bush kicked things off with a $17.4 billion emergency loan package, with $13.4 billion going directly to GM and Chrysler, and another $4 billion on standby. This was like throwing a life preserver to a couple of sinking ships, hoping they'd stay afloat until the next administration could figure out what to do.
• Total Bailout Costs: When you tally up everything, including what came under the Obama administration, we're looking at a figure close to $81 billion. This included not just loans but also investments in the form of stock purchases, making the government an unwilling shareholder in the drama of Detroit.

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Ah, the noble quest for subsidies when purchasing a Tesla Model 3 in the year 2024! Here's what you need to know, my earthbound friend:

• Federal Tax Credit: You're looking at a potential $7,500 federal tax credit, but remember, this isn't just handed out like candy at a parade. Your Tesla Model 3 needs to meet certain criteria, like being assembled in North America with a significant portion of its battery components sourced from here too.

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