China dominates the electric vehicle industry, with its brands responsible for about two-thirds of global sales in 2024, although none of those sales were in the U.S.
China loves electric cars: making them, driving them and selling them to the rest of the world.
Electric vehicles have been widely adopted in China, thanks in part to years of now-defunct government subsidies and a fast-growing network of charging stations. According to the International Energy Agency, almost half of the cars sold in China in 2024 were electric, compared with about 1 in 10 in the U.S.
But despite growing global interest in the innovative sector, Chinese electric cars remain out of reach for consumers in the world’s second-largest auto market, the United States.
I’m so confused. I thought the foundation of Capitalism was free market pressure. Doesn’t restricting what people can buy and where from kind of undermine the entire ideal?
Well I see where your confusion comes from. You thought the USA was capitalist, but the reality is that America is VERY socialist. You can have it all in the USA, as long as your in the in group. And by in group I mean you must have 2+ million dollars, once u are elite rich you unlock the socialism in USA and get government contracts, restrictions that put you above the competition, bail outs and safety nets out the wazoo if you mess up, the best health care in the world etc. You must be more like me, part of the serf class that gets the “pleasure” of making all this possible with poor wages and taxes that find the corporate machine.
Yes. Absolutely.
Exactly.
The foundation of capitalism is Profit is King.
The free market, aka competition, is the least profitable method of production for a company. It’s terrible for your bottom line. Profit is the only thing that matters, and specifically Profit by the Metric evaluated by those with the purse-strings; i.e. in the US this is profit per quarter.
‘Free Market’ economics is not only not limited to capitalism, capitalism is inherently antithetical to competition and the free market and will always seek to eliminate it entirely.