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healthcare and are standard of living are also a big factor other countries have better living conditions stop believing the lies are politicians tell us
@@steveschilling5966 Yes. The American dream has become a huge lie that rich people propagate so that poor people are blamed for their own circumstances and do not rebel against a system that is in fact, now, totally rigged. The two party political duopoly is now just theatre and the courts and for-profit jail system round out the 1984 dystopia.
Shareholder greed has absolutely nothing to do with U.S. car manufacturers falling behind. We’re in the midst of a technological shift. There will be winners and losers in business and in investing.
With the recent influx of millions of Americans to the Chinese Redbook app, they saw how far behind US really is. Not only in autos but in many other areas and industries as well.
And the "Republicans" will make sure that they don't get educated in the future, because oligarchs and fascists fear nothing more than educated people, because they see through their BS...
As a Canadian, because of DonOLD i will be looking at foreign automakers for my next vehicle in the near future. Hopefully BYD will be allowed to be sold here without tarrifs. 🤞
If Trump stalls EV market development during his second term, it will feel like a lost decade for American autos. Four years is a long time in EV development. China is not stopping just because Trump wants a time-out. The days of American and German auto supremacy are long gone
What’s wrong with dividends to shareholders? A good company makes money and is continually looking to improve its business. As an investor, I look at earnings and a variety of other metrics. Dividends are an investor’s reward for the gamble they take as long as they are not the only thing recommending ownership of the stock.
@oberstraphry Nice Socialist view of things. Many investors rely on dividends for their income. Other investors would require better performance if there wasn’t a dividend. Not sure I know what you would want a company to do because in lieu of profit or profit with dividends, both of which life the stock price, it will be hard to find anyone to invest
In the U.S. starting in the late 60,s when Japanese and then European automakers started gaining popularity the American car companies never could produce true competition against the Japanese and German automakers. That’s 60 friggen years. The Teslas and these Chinese companies are producing cars that are far superior and 500 to 1000 lbs lighter than US and European manufacturers.
Yes, but those SUV's and trucks have a much bigger margin and lower safety/emissions standards. Who cares what customers actually want - just tell them what they are going to get.
@@Wordbavk Trump’s tariff policy is worthy of slagging on an economic basis alone, never mind that it’s overlaid with personal spite and lots of payola to his oligarch banker Musk.
Tesla heavily benefited from these credits over the year as it refined its process of making EVs. Removing these credits only benefits Tesla and China.
Why wasn't the other benefited from it? Wasn't the arugment, Audi eTron, Jaguar iPace would kill off Tesla sale. GM would catch up to Tesla and surpass it with millions of EV by 2025 with 20+ EV models? VW to surpass and overtake Tesla. Now, the story is shifted again.
@@royh6526 It benefits China because it stifles competition. You're are focusing on only American market. If you're not selling in China, Africa, South America and Europe, you are doomed eventually. American legacy car makers still have global presence, supply chains, brand recognition and distribution channels that Tesla can only dream of. Chinese car makers are in full steam ahead mode knocking out American legacy car makers from not just giant Chinese markets but also encroaching in other markets.
If the fool on the hill continues with its “drill baby drill”, gas and diesel might become a bit cheaper in the USA, thus keeping ICE cars a viable option. The rest of the world wants to get rid of oil-addiction…
EVs are still only a car that gets you from a to b. All this tech and bling is just a way to extract more money out of you, that goes for ICE cars as well. Spare parts such as headlights will cost you thousands rather than hundreds,same goes for windshields these days. Also electronic parts very expensive.
I agree. I don’t think the EV incentive should not be dropped. I think that it would gradually be phased out over four or five years. I also think that tariffs on cars made in Canada and Mexico, which would sharply raise the already expensive price of vehicles regardless if they’re electric or gas/diesel.
This is not a new thing for the car industry. After WWII the British car industry did really well, mainly because all their factories hadn't been blown to bits and they had a skilled work force coming back from the war and pent up demand in europe. German car manufactures destroyed the British industry when they built new highly efficient factories that showed the failings of British pre war technology. The Japanese did some thing similar to the Americans in the seventies thanks to changing demands due to high oil prices. Now it is just the Chinese doing it to the Americans.
@TerryHickey-xt4mf Or, actually, the "must pay dividends at all costs, even with subsidised industries" mentality that British finance-led management has always practised.
With falling market share, there is no way to repay debts, putting all legacy automakers at risk of following Kodak's path. The future lies with relatively small and flexible local producers who use common platforms and parts, such as batteries and motors.
From what I see, US car manufacturers are more than 15 years behind China’s vehicles. The Chinese have amazing vehicles. Maybe Tesla’s vehicles are 10 years behind China’s.
The gap will get bigger real soon. Not just in the US, but Canada as well for closing the door to China's EV. However, the US is taking it a step further, Trump just signed a bill to essentially remove the green new deal and to remove EV subsidies to the American people (before American gets 4k-7.5k subsidies for purchasing EV). So the gap will be bigger not just in the automobile industry but in the overall green industry.
“The federal Incentives for Zero-Emission Vehicles (iZEV) program in Canada was paused in January 2025 due to strong demand for electric vehicles (EVs). The program was scheduled to end on March 31, 2025, but ran out of funds earlier. “
Legacy are worried because they are making a shit ton on Hybrids (which fully qualify for the $7500 rebate) with a tiny 8 ah battery! NOT because they want to make pure EVs.
The credits were to enable first movers to make EVs happen. That's happened. Let American carmakers compete in their forte of expensive pickups, a market the Chinese aren't really in. Let Chinese cars under USD 20,000 come in tariff free, a market that American makers don't compete in. It'd be great for consumers.
@@haywoodmorganjr1326 Because of tariffs. Yes, introduced by Biden. The US is mostly in the grip of two things: US oil industry propaganda and a resistance to EVs because they are seen as part of the green movement and therefore a liberal thing. Many red states have actively discouraged the development or installation of charging infrastructure. Then there’s the whole China thing. I don’t see Americans widely adopting EVs except in states like California. Everyone else resists it, even though there are massive economic benefits. The point that I was making is that the Chinese are in the giant monster truck market now. And if those vehicles don’t make it to the IS it will be because no Chinese vehicles are going there, not because the Chinese are not in the market.
Detroit guy ,just returned and toured 4 plants in China ,we are behind because of legacy costs,labor terms,facilities Honestly not sure how you fix that in short order.. to get to the new production times. The global auto plants are 50 to 100 yrs old they won't be retro to the latest designs and automation Big shift in manuf. Is coming
are politicians were warned decades ago and chose this path there is no easy solution when you let the stockholders run the business you will always lose.
And even many of us peons (among many elites) have been sounding the alarm for a decade or more. So who's fault is it the CEO's and Wall St. stuck their head in the sand?? And now they'll expect the lowest paid taxpayer to bail them out & our corrupt politicians will no doubt follow through for Wall St., as always.
@@kalex381maybe do what they donin china... they are not a cheap labour country anymore. Their advantage is infrastructure gains of scale logistics and political envorinment. Their factories are more automated then western now.
The truth is that companies that make new tech., generally lose money. If Europe and China subsidize their new tech, and we don't, we get stuck making antiques.
Well that is a surprise, I would have thought the 'old boys' would prefer no incentive as that would make their ICE offerings more favourable, where they make more money. The fact that the auto industry has always received subsidies is crazy, they should be able to stand on their own two feet.
Also, I don’t like gigs casting from Tesla because I need to pay $1500 more per year to insure a Tesla model Y than a Nissan Ariya of similar price. It is because the Model Y has giga casting. If you hit something and damage the frame, it is total because you need to change the entire die casting. It would cost more than the car. Aluminum cannot be pull and weld. Nissan Ariya can weld, pull or change a part to fix. My friend pay $6000 to insure two Tesla. I pay only $2100 to insure a Nissan Ariya and a Honda CRV.
Absolutely agree, inflation will go through the roof now that Trump is getting rid of millions of Maxican farm workers, factory workers and service workers. If he adds tariffs to imports, its a nail in the coffin. Revolution....
My biggest concern is that Musk becomes too political. A friend of my fathers was going to buy a Tesla until Musk supported Trump, then he bought a battery powered Hyundai instead. Teslas are very desirable vehicles. But people may begin to see them in a political way. And I hope it never happens.
What a liberal loony does is not controllable. So he decided to not buy an American made car and instead support a foreign country because of the owner of the company...lol...typical liberal.
Drill baby drill when he says that i think about China's stronghold on gallium, germanium, and antimony. They control many of the rare earths needed for batteryand microchip production.
How's the TSMC plant in Arizona? Behind schedule, needs to import workers from Taiwan as there are recruitment problems, etc. Moving production is a big job that shouldn't be in the hands of grifters. Anyway the revised start date is later this year.
Legacy American Auto Companies have been making excuses for decades, excuse after excuse after excuse. Many in Detroit specifically have been worried they were no longer competitive since they figured out Tesla had made some innovations they had not idea how to implement. Frankly, Detroit OEMs have zero ability to compete with the faster pace of innovation that more agile companies like Tesla or some China OEMs can do. Unions like the UAW have rules and mindsets which greatly slow innovation / change. Legacy OEMs, Dealers and Unions never wanted the EV credits but don't want them taken away because they just can't deal with change, any change and the EV Credit would be a change they have to adapt to. Worse yet, Legacy OEMs due to Dealers, Unions and the current culture are not just 15 years behind, they are 15 years behind and falling further back. Sure, they are trying but just can't shed the dead weight of Dealer Networks, Union Structure and rules, Supplier Network use that makes manufacturing into a piecemeal mess and an overall culture of non-change, non-innovation. It is just a matter of time before the slow become the dead. Until then begging for extra help and the blame game will continue.
No, they aren't... EVs running off lithium batteries are an unworkable solution, right now we should be focusing on overcoming the fears about nuclear and building out more nuclear power and beefing up our power grid. MAYBE the new solid state batteries will be a better solution, we shall see, but faster charging will also mean massively increasing the grid connection to charging stations (10min charging vs 60min = 6 times the wattage from the grid). That's assuming electric vehicles are the solution at all, which they may not be.
Elon says a lot of things, all the time. On averages, some of it would be right. He reckons this incoming admin has saved humanity. Just full on bonkers.
I don’t think you appreciate just how much damage the Biden sh*t show did to the American economy and to the application of the First Amendment….America was well on its way to defaulting on its debts and becoming a totalitarian state with DEI hires running everything into the ground!
@@royh6526 no, just Bonkers. look around the world and these crazy ideas have limitations. "let them eat cake" only takes you so far....till you get to the pointy end.
@@royh6526How exactly is the incoming administration going to change the world in any positive sense. It's a serious question because vibes aren't going to last very long.
@@andyfreeze4072Amen. Democracy is the idea that people know what they want and deserve to get it good and hard. America's backsliding is what the public wants.
Not only are most of the US automakers far behind, especially in sales, but they are unlikely to ever get back any marketshare if they abandon the principles of free markets, by going for sanctions. Protectionist measures are actually hurting your own industry, by making them uneconomical.
Well look at microchips .. US firms take heavy profit losses when you sanction their biggest and most profitable market. Now you lose resources for R&D and the flexibility to take risks.
Short term profit prohibits sustainability in technology development and stunned products improvement. Just waiting for competitors to steam roll ahead. Dont let accountants make important decisions.
Elon Musk said that EV subsidies should be cut but also subsidies on oil and gas. If that happened, EVs would benefit and taxpayers would have more money to spend.
Canada just paused the federal rebate. “The federal Incentives for Zero-Emission Vehicles (iZEV) program in Canada was paused in January 2025 due to strong demand for electric vehicles (EVs). The program was scheduled to end on March 31, 2025, but ran out of funds earlier. “
Sent Trump a letter? Trump can only process graphics with limited text. Anything more complex than a comic book page or PowerPoint slide and it exceeded his understanding. Just ask the US Intel community. He didn't read in it or didn't comprehend it. 😂
Lol...the same intel community that said the hunter laptop was a hoax? the same intel community that manufactured the russia interference hoax on behalf of hillary?
Aside from Magamorons, it is well known that Trump is functionally illiterate and uneducated. You can watch a video of him yesterday telling a reporter that Spain is a 'BRIC' nation! God help us.
@chuckrogers5567 is that one of the few things that he hasn't run into bankruptcy...yet? I could be wrong, but I think his list of major failures is longer than his list of success stories. Not exactly a great gamble to put such a failure in charge of the country, but maybe the gamble will result in more success than the casinos he ran into the ground.
The reason for the removal of the credits is because in America, many people still believe the combustion engine is the future. We also have much higher concentration of fluoride in our drinking water than China does. Coincidence? Maybe.
There is no ev that replaces the ICE car in anyway, especially for lower end models. Until the battery technology is figured out, it's just more money for less capability.
The logic should be put Federal tariffs on EVs imports and distribute it to domestic EV Federal tax credits. The problem was the EV tariffs money was mostly going to all kind of subsidies.
Let customers decide what car to buy. China has no oil and have decided to force their customers to buy electric. Why should the US government subsidize products that most Americans don't want? The US auto industry can not compete with government sponsored competitors hence they will always be behind in the global market for ev's.
CHINA buying massive amounts of EVs isn't the win cockwombles like Sam think it is. Look at how China produces most of its power. In 2023 along China approved more coal fired power stations than the rest of the world combined
It's worth noting that this is what the American people voted for, now they will reap their rewards! It's was not a surprise what will happen, it's not Trumps first rodeo!
Thank you, Sam For a fair and balanced take on this. Tesla dominating at the expense Auto companies is bad for the US economy and working class Americans. And it's actually worse for American Auto companies transition to Electric
Incorrect. (Sorry EViking) This analysis is too superficial. Now before you complain - I also understand how many videos you put out each day and hence I also understand how much research you do and yada yada - and i also understand you have a crew behind you... get the drift? but sometimes you are wrong === I firmly believe that is true" - No ... dude - reign it back - there is NO 10 - to 15 years behind...
I happen to agree that the incentives should be done away with. Either a company can produce EVs at profit or they can't. Nobody can say it's impossible anymore.
Ahhh ... a $7500 increase in price (from elimination or early phase-out of the $7500 U.S. Federal tax credit) IS in fact a very big deal for Tesla, as well as the legacy OEMs. Don't let Elon or anyone else try tell you otherwise. It would definitely reduce demand for Tesla's EVs at least the same % as its effect on the legacies, meaning it will hurt Tesla much more than the legacies as a % of their overall sales (including ICE vehicles) and Tesla even more so as a % of Tesla's profitability. Likewise, it will pull the rug out from under the development of the U.S. supply chain, putting the U.S. at an even greater disadvantage in the global marketplace, particularly compared to the Europeans and China's fast emerging EV industry.
The elimination of the tax subsidies is a death blow to the entire EV industry. Legacy will happily return to ICE and hybrid…and profitability. The US is playing soccer and China is playing cricket. Why would we want to retrain our team because we’re supposedly “behind.”
@@JarrodTidwell Elon has actually said he doesn't want the subsidy's or subsidy's of any kind although it helped get Tesla going. It will really hurt the few American EV's and hybrids that qualify for it.
I did a visit there last year, and was amazed that there was not 1 single Tesla anywhere, or many other evs for that matter. BYD do a lot PHEVs and no pure ice, interesting.
Have a look at the cost of a license to own a car in Singapore. The EV Early Adoption Incentive (EEAI) EV rebate in Singapore offers 45% off the Additional Registration Fee (ARF), capped at S$15,000 for fully electric cars and taxis from 1 January 2024 to 31 December 2025. Follow the money. Hardly a level playing field.
Singapore is a small island, early adoption of EVs makes sense as there is only a range issue if you are driving off of the island , BYD being relatively affordable would sell well.
It doesnt matter how far china is ahead were not interested in “beating” china we simply dont want to be forced to get EVs when the infratructure to support nationwide road trips and power grid disruption during natural disasters just isnt there yet. Were in competition with ourselves and whats best for our people given the current state of the world and inflation, the safe flow of goods through the worlds waterways, resource allocation and management etc. Making our country not the best in the world but the best we can be for our god and ourselves. Mistakes will be made but were done with net-zero cartels and their acolytes saying EVs are the only way.
US needs to go back to the 40's and 50's when cars were "made to order" or "on demand only". Your dealer probably had one demo car per model and you were willing to wait 4-8 weeks (or more) to get the spec'd car of your dreams. Today dealers are stuck with tens of thousands of high spec cars no one wants and they will likely never sell at full price. I realize that factory tooling is expensive but if cars are actually sold before being made, there is inherently less risk. "We made only 11,000 cars because that was the actual demand not some egg head analyst's prediction of 49,000". Companies are scared to death that customers will go to another brand who has 200 cars ready to drive off that same day. I don't think so. If I want a specific model in a specific color unique to me I will put money down and wait, wait, wait.
It can work both ways; while it's prudent to make a sale on demand with a choice of available inventory, you also don't want to tie up revenue in excess inventory.
We understand Germany is considering allowing China to buy and manufacture EVs in 3VW factories in Germany. Surely great idea, huge employment of German workers and huge opportunities for businesses to supply vehicle parts to these factories. Would it not be a brilliant idea if America swallowed its pride and encourage China to buy factories in Detroit etc ? ! ?
I’m English I think America makes some very good products, I like American trucks I like a lot of American carpentry power tools and hand tools, but I don’t think Trump understands the EV market or the car market, it’s much more complex than he thinks.
As an American I think the New Clean Vehicle Credit and Used Clean Vehicle credit should be left alone. It will expire on Dec. 31, 2032. Let it run it's course.
The US is a very wealthy and powerful country that for a very long time has understood you need to keep the people hungry, desperate and scared for this economy to work. Our economy also does not work without the a very cheap and illegal labor work force at the very bottom. We could solve all our problems in 1 year and build a utopia here, especially now with AI and new energy sources, but it will ruin everything for the ultra wealthy.. why? Because you can't have the sweet without the sour. Money means nothing without desperation of the masses wanting and needing it. Value is all about desire. Think about it.
Musk has said eliminate ev tax credits but only if gasoline subsidies are eliminated too. Sounds good to me let’s have the true cost of gas and oil so an informed decision can be made.
I’m not sure that tRump can read (understand) the letter from the American Auto Lobby Group (Union) … let’s hope he (tRump) has advisors who will do it for him (explain it to him) … 🤔 🤷🏼♂️
The largest issue with the U.S. automotive industry is that whenever a foreign EV competitor has an idea that is innovative, U.S. manufacturers feel that if they didn't think of it first, it's "no good", as is the case with the west changing over to giga- casting. The nimble-ness is just not there.
If they cut those credits and the big makers stop working on EVs or take even larger losses, they will be bankrupt in 5 years and no bailout will help because they won't have the tech and experience to make the transfer. The tax credits provide a small bridge, granted it is a small one but it is helping.
people are probably not buying them due to charging issues. NYC is one place with serious obstacles. Grid and other issues might need to be tackled first
They can drill all they want but if there is falling oil deman, AND THERE IS, it would be pointless. Oil producers are already restricting oil extraction in order to keep the price of oil up and yet gasoline prices having increased.
Do you actually think oil companies are going to "drill baby drill" away their profits and their big bonuses to get you cheap gas? Not gonna happen. Sure, they will buy up new leases at a good price and sit on them. But drill? In your dreams.@@nordlandak6853
If someone doesn't believe that the USA auto industry is in crisis than that person has to look into auto manufacturing industry in Australia. It used to be that lots of automakers were manufacturing cars in Australia. GM had its own Australia specific brand Holden. Without government incentives everything is gone. I believe ALL cars sold in Australia are brought on the RORO boats from overseas.
The reality is the US automakers have been inefficient and unprofitable for years. They refuse to look at themselves honestly in the mirror and acknowledge that their competitors make cars better and cheaper than them, regardless of the credit. The union culture and control is a big part of this. And they show no signs of changing. The cancelation of the EV credit may extend the life of ICE car production and placate the US carmakers a bit, but Tesla and Chinese made EV's will just keep getting cheaper and cheaper to make. As soon as Tesla releases a compact $20-25k EV it's hard to see the US car industry surviving much beyond 2030. Unless the government keeps on propping them up. The disruption of transportation is already happening.
Unions have nothing to do with the design of new cars and the product lineup the corporation chooses to produce. Paying livable wages to workers only became a problem when the laws were changed in the 1970's to allow corporations to manufacture in foreign countries with none of the responsible business practices (and often with foreign financial aid) and then sell those goods here against American companies that were artificially put at a huge disadvantage by what are now the billionaires. Tariffs may be horrible for the rest of the world (and billionaires) but it's a good start for a path to bring back the jobs stolen from America by the billionaires for the past 50 years. 50 years ago factory workers retired with a pension. Today those people have to live in their cars if they want to retire. It's the lack of unions that is the problem.
The time it takes to make a car will determine which automaker wins? EV cars with less parts will be the obvious choice as more reliable in the long-term; with replaceable batteries?
If American carmakers were any good, they wouldn't need tariffs to keep the CHINESE out. And actually, as a Canadian, I don't care. Except OUR stupid government just does whatever Washington tells them ... apparently Trump didn't get THAT memo either (or couldn't read it).
Biden just sent 8 billion to osreal last week. But you don't want a family to get a tax credit for a car? What's wronge with you? That's why America is finished.
The only reason Chinese companies can sell their EVs so low is because THEIR government helps pay for them. It's all a game for the people at the top, don't let political bias override logic.
i think the US perspective is Competition and Domination. The need to "win". What someone else is doing is the motivation. Disabling the opposition is the simpler than improving yourself. Political interference to disable the opponent is simpler than research and development. And if you think you're on top .. won .. then there's no more need to make effort. Maintain the current status. Freeze time. If the Chinese perspective is to Thrive and Prosper, then that's self-motivating self-referential improvement. There is no end to adapting and improving. I think that's why the USA is in a hole. It was in a competition it won. Then it stopped because it had won. And assumed it had the world fixed to stop (progress disabled by endless wars, subversions, political/economic interference) so USA would be the eternal winner in a competition against the world.
Sorry to correct you. What GM, Ford, Stellantis are doing, or not doing, in the rest of the world have nothing to do with subsidies in the US market. Stellantis currently has a dominant market share in South America and are very profitable, but are of course under attack by Chinese companies. But this ”battle” has NOTHING to do with subsidies or not in USA.
I refuse to use the new name. Good ole Chrysler is not doing well in North America. Ram and Jeep lots are full of autos that take an average of 120+ days to sale. China is coming to South America and the story will change very soon.
@ agree about NA , but government subsidies will not change that. Sure China is attacking SA, but Stellantis is not worse equipped to defend their position than anyone else of the non Chinese competitors. Same story as in Europe, in ASEAn and in Middle East. NA is is story by it self and unfortunately the former big three are behind and outdated which no subsidies will fix.
Tesla uses batteries mostly made in China. That’s why it doesn't qualify for tax incentives. Consequently it is strongly interested to stifle competition inside the USA by asking the tax incentives to be abolished.
I’ve been thinking about this a lot recently - so a Lucic or Remac can generate 1000 hp, not sure for how long mind, but an Abram’s tank is around 1500 hp… if China is sensible, they’ll be working towards electric tanks - think about it - near silent, minimal heat signature, could in theory be charged in the field… if they could get the weight down, the US would be knackered!! They can’t afford to fall back in this area!
Remember its very possible our lawmakers will eliminate C.A.F.E standards. As i have said before, the rural market in the US (deep south, midwest, and west) dont really want crossovers or sedans unless its a second vehicle for a spouse. Country folks want traditional big SUVs and trucks. There is not one global solution. Many of these people wouldn't buy a Chinese EV even if they could. I have discovered its best not to make assumptions either way.
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US is behind in a lot of other areas too. Too much shareholder greed.
healthcare and are standard of living are also a big factor other countries have better living conditions stop believing the lies are politicians tell us
And short termism
@@steveschilling5966 Yes. The American dream has become a huge lie that rich people propagate so that poor people are blamed for their own circumstances and do not rebel against a system that is in fact, now, totally rigged. The two party political duopoly is now just theatre and the courts and for-profit jail system round out the 1984 dystopia.
America has an inferior culture that values sports entertainment over science and hard work.
Shareholder greed has absolutely nothing to do with U.S. car manufacturers falling behind. We’re in the midst of a technological shift. There will be winners and losers in business and in investing.
With the recent influx of millions of Americans to the Chinese Redbook app, they saw how far behind US really is. Not only in autos but in many other areas and industries as well.
It’s not just about China. America refuses to educate its people. The STEM’s are an exclusive arena, which it can not be, if you want manufacturing .
Also. American labour union is refusing automation and modernization.
And the "Republicans" will make sure that they don't get educated in the future, because oligarchs and fascists fear nothing more than educated people, because they see through their BS...
Agreed-American education, especially pre-college, is horrible. IMHO, lack of education is why we have the current president.
@@MrTexasTuner Wife is a teacher, way too much emphasis on liberal social agenda, not enough on basic skills (English, math, science, music, art).
@@sneakymove Doesn't matter if they reject it because it's coming no matter what.
As a Canadian, because of DonOLD i will be looking at foreign automakers for my next vehicle in the near future. Hopefully BYD will be allowed to be sold here without tarrifs. 🤞
If Trump stalls EV market development during his second term, it will feel like a lost decade for American autos. Four years is a long time in EV development. China is not stopping just because Trump wants a time-out. The days of American and German auto supremacy are long gone
There won't be an American auto industry in 10 years. They already died once, in 2008. Only a massive bailout kept them going.
That’s fore sure.
@@Quagma-b2i Trump will give them zero taxes. They'll be fine for a while since he'll also do lots of union busting at the expense of the future
So why not extend their industry for longer then?
Its well developed on EVERY continent
We are not behind what we pay our automotive executives or dividends to stock holders.
Cough Government motors cough
@oberstraphry And if the company gets into serious financial problems, lobby for bailout funds
What’s wrong with dividends to shareholders? A good company makes money and is continually looking to improve its business. As an investor, I look at earnings and a variety of other metrics. Dividends are an investor’s reward for the gamble they take as long as they are not the only thing recommending ownership of the stock.
@@chuckrogers5567 The problem here is that the company is no longer looking to improve the business which would enrich their investors even more.
@oberstraphry Nice Socialist view of things. Many investors rely on dividends for their income. Other investors would require better performance if there wasn’t a dividend. Not sure I know what you would want a company to do because in lieu of profit or profit with dividends, both of which life the stock price, it will be hard to find anyone to invest
Incentives are to control decisions over market forces. Build the right product.
In the U.S. starting in the late 60,s when Japanese and then European automakers started gaining popularity the American car companies never could produce true competition against the Japanese and German automakers. That’s 60 friggen years.
The Teslas and these Chinese companies are producing cars that are far superior and 500 to 1000 lbs lighter than US and European manufacturers.
Americans always wants a car or SUV that are TURBO's, V12's and a 6.0 to 8.0 liter ICE combination
The US auto industry is also to blame for their position by only focusing on just making large SUVs and trucks that nobody can afford.
@@padrehousecat soccer moms grocery getter uh huh
Yes, correct. These companies have enough people to do forward planning, surely.
@@timwhite8500 more bean counters means more say, engineers are just followers.
Yes, but those SUV's and trucks have a much bigger margin and lower safety/emissions standards. Who cares what customers actually want - just tell them what they are going to get.
When you can buy a small EV for 10k, who needs an incentive? Remember the original VW beetles? Innovate or die.
Its actually worth. They are behind now, but are not taking any actions to catch up. So each year they will fall behind more.
Yes, and they/ve had over 10 years to see the writing on the wall.
Both the automakers and the government are falling behind
If the U.S. Government ever stops preventing new technologies from entering the market, then mabe they will become competitive.
There's been a whole lot of stuff invented through government sponsored research.
Tariffs and automakers bankruptcies and Trump's scorched earth economics may see an upswing in cheap bicycle sales
Maybe roads will be better set up for bicycling. People can do a lot with electric bikes too.
@Chris your bias is showing as per usual, all you do is slag off anything relating to right . Very sad.
@Wordbavk sad empty rebuttal.
@daniellarson3068 very true I'd love that, sounds a better way of organizing society
@@Wordbavk Trump’s tariff policy is worthy of slagging on an economic basis alone, never mind that it’s overlaid with personal spite and lots of payola to his oligarch banker Musk.
Tesla heavily benefited from these credits over the year as it refined its process of making EVs. Removing these credits only benefits Tesla and China.
Why wasn't the other benefited from it? Wasn't the arugment, Audi eTron, Jaguar iPace would kill off Tesla sale. GM would catch up to Tesla and surpass it with millions of EV by 2025 with 20+ EV models? VW to surpass and overtake Tesla. Now, the story is shifted again.
"Removing these credits only benefits Tesla and China."
Not China because massive new tariffs will be applied to imports, particularly from China.
@@royh6526 It benefits China because it stifles competition. You're are focusing on only American market. If you're not selling in China, Africa, South America and Europe, you are doomed eventually. American legacy car makers still have global presence, supply chains, brand recognition and distribution channels that Tesla can only dream of. Chinese car makers are in full steam ahead mode knocking out American legacy car makers from not just giant Chinese markets but also encroaching in other markets.
@@royh6526 and so it should, they were willing to put the hard yards in, so they should be rewarded.
I mean, Tony Seba and others have been predicting the death of Legacy Auto for a while so this seemed inevitable sooner or later.
If the fool on the hill continues with its “drill baby drill”, gas and diesel might become a bit cheaper in the USA, thus keeping ICE cars a viable option.
The rest of the world wants to get rid of oil-addiction…
Yup
Not investing in EV is a disastrous move!!
Kodak!
Why?
tell that to the people who did and lost their coin already.
Who care😅😅😅
EVs are still only a car that gets you from a to b. All this tech and bling is just a way to extract more money out of you, that goes for ICE cars as well. Spare parts such as headlights will cost you thousands rather than hundreds,same goes for windshields these days. Also electronic parts very expensive.
I agree. I don’t think the EV incentive should not be dropped. I think that it would gradually be phased out over four or five years. I also think that tariffs on cars made in Canada and Mexico, which would sharply raise the already expensive price of vehicles regardless if they’re electric or gas/diesel.
The Donald seems to be the equivalent of people hanging onto horses when motor vehicles came in.
This is not a new thing for the car industry. After WWII the British car industry did really well, mainly because all their factories hadn't been blown to bits and they had a skilled work force coming back from the war and pent up demand in europe. German car manufactures destroyed the British industry when they built new highly efficient factories that showed the failings of British pre war technology. The Japanese did some thing similar to the Americans in the seventies thanks to changing demands due to high oil prices.
Now it is just the Chinese doing it to the Americans.
One reason the UK car industry died was the overpowering unions, strikes, less work, more pay, and more perks, something had to give.
@TerryHickey-xt4mf Or, actually, the "must pay dividends at all costs, even with subsidised industries" mentality that British finance-led management has always practised.
Thanks showing history repeats
With falling market share, there is no way to repay debts, putting all legacy automakers at risk of following Kodak's path. The future lies with relatively small and flexible local producers who use common platforms and parts, such as batteries and motors.
Good job guys. We had a good run...
From what I see, US car manufacturers are more than 15 years behind China’s vehicles. The Chinese have amazing vehicles. Maybe Tesla’s vehicles are 10 years behind China’s.
No
How? Other than price, Chinese EVs underperform by all metrics
@@diemes5463topic is manufacturing rather than the product manufactured.
@@diemes5463
Chinese ev Zeekr X was named the best in class 2024 by Euro NCAP.
Tesla has fallen behind Chinese ev's now.
The gap will get bigger real soon. Not just in the US, but Canada as well for closing the door to China's EV. However, the US is taking it a step further, Trump just signed a bill to essentially remove the green new deal and to remove EV subsidies to the American people (before American gets 4k-7.5k subsidies for purchasing EV). So the gap will be bigger not just in the automobile industry but in the overall green industry.
Nothing green about the green industry
“The federal Incentives for Zero-Emission Vehicles (iZEV) program in Canada was paused in January 2025 due to strong demand for electric vehicles (EVs). The program was scheduled to end on March 31, 2025, but ran out of funds earlier. “
Legacy are worried because they are making a shit ton on Hybrids (which fully qualify for the $7500 rebate) with a tiny 8 ah battery! NOT because they want to make pure EVs.
American chips have NVIDA AMD Intel, mobile phones have Apple Samsung, and electric cars only have Tesla, isn't this a monopoly?
The credits were to enable first movers to make EVs happen. That's happened.
Let American carmakers compete in their forte of expensive pickups, a market the Chinese aren't really in. Let Chinese cars under USD 20,000 come in tariff free, a market that American makers don't compete in. It'd be great for consumers.
The Chinese are in the market now.
@@thethirdman225
Not in the U.S.
@@haywoodmorganjr1326 Because of tariffs. Yes, introduced by Biden. The US is mostly in the grip of two things: US oil industry propaganda and a resistance to EVs because they are seen as part of the green movement and therefore a liberal thing. Many red states have actively discouraged the development or installation of charging infrastructure. Then there’s the whole China thing.
I don’t see Americans widely adopting EVs except in states like California. Everyone else resists it, even though there are massive economic benefits.
The point that I was making is that the Chinese are in the giant monster truck market now. And if those vehicles don’t make it to the IS it will be because no Chinese vehicles are going there, not because the Chinese are not in the market.
I agree with you to the extent that if U.S. car companies refuse to make small EVs, let those from other countries in.
@@haywoodmorganjr1326Polestar is arguably a Chinese EV car brand within the US... albeit a luxury brand
Detroit guy ,just returned and toured 4 plants in China ,we are behind because of legacy costs,labor terms,facilities
Honestly not sure how you fix that in short order.. to get to the new production times.
The global auto plants are 50 to 100 yrs old they won't be retro to the latest designs and automation
Big shift in manuf. Is coming
are politicians were warned decades ago and chose this path there is no easy solution when you let the stockholders run the business you will always lose.
And even many of us peons (among many elites) have been sounding the alarm for a decade or more. So who's fault is it the CEO's and Wall St. stuck their head in the sand?? And now they'll expect the lowest paid taxpayer to bail them out & our corrupt politicians will no doubt follow through for Wall St., as always.
How to do you fix the labour then! You cut salaries in the West by 50% and ask them to work 25% more?
Yeah always blame labor costs. Never politicians
@@kalex381maybe do what they donin china... they are not a cheap labour country anymore. Their advantage is infrastructure gains of scale logistics and political envorinment. Their factories are more automated then western now.
Elon also states that petroleum subsidies should be removed at the same time that EV subsidies are removed.
The truth is that companies that make new tech., generally lose money. If Europe and China subsidize their new tech, and we don't, we get stuck making antiques.
What subsidies, besides delusions?
Drill, Baby, Drill! Think any subsidies for the oil industry are going away? Dream on. There will be additional aid given.
Lies.
@@nosretep1960 Check worldwide oil subsidies on: Reuters, International Energy Agency, International Monetary Fund, European Environment Agency, etc.
Well that is a surprise, I would have thought the 'old boys' would prefer no incentive as that would make their ICE offerings more favourable, where they make more money.
The fact that the auto industry has always received subsidies is crazy, they should be able to stand on their own two feet.
Also, I don’t like gigs casting from Tesla because I need to pay $1500 more per year to insure a Tesla model Y than a Nissan Ariya of similar price. It is because the Model Y has giga casting. If you hit something and damage the frame, it is total because you need to change the entire die casting. It would cost more than the car. Aluminum cannot be pull and weld. Nissan Ariya can weld, pull or change a part to fix. My friend pay $6000 to insure two Tesla. I pay only $2100 to insure a Nissan Ariya and a Honda CRV.
you talk BS. For the frame to be bent, the car has saved your life ...fool.
Trump's going to screw this country into the ground. Disagree? - Get back to me in one year.
How can you honestly say that after the last 4 years of being driven to the ground?😊
Can't be worse than Biden, worst President in UIS history possibly
@pault 4200 people who have no idea how the world works should not post their ignorance online.
@@Suburp212 I don't know if you're referring to me or the OP.
No politician is in it for the average Joe and are controlled anyway.
Absolutely agree, inflation will go through the roof now that Trump is getting rid of millions of Maxican farm workers, factory workers and service workers. If he adds tariffs to imports, its a nail in the coffin. Revolution....
My biggest concern is that Musk becomes too political. A friend of my fathers was going to buy a Tesla until Musk supported Trump, then he bought a battery powered Hyundai instead. Teslas are very desirable vehicles. But people may begin to see them in a political way. And I hope it never happens.
What a liberal loony does is not controllable. So he decided to not buy an American made car and instead support a foreign country because of the owner of the company...lol...typical liberal.
Too late.
Why? It probably saved you father some money AND he got a better vehicle.
I was going to buy a Tesla. Now I'm not. That's why. Looking for alternatives now.
I have a PHEV, my next car will be full EV, I’m not even going to look at Teslas. He’s far from the only game in town now.
Trump says “ Drill baby drill “ , sounds pro oil to me …..
Oil will feed the AI (Artificial Intelligence Server DATA )as well. It's not feasible with dead batteries 🔋
That's his climate plan.
Drill baby drill when he says that i think about China's stronghold on gallium, germanium, and antimony. They control many of the rare earths needed for batteryand microchip production.
How's the TSMC plant in Arizona? Behind schedule, needs to import workers from Taiwan as there are recruitment problems, etc. Moving production is a big job that shouldn't be in the hands of grifters. Anyway the revised start date is later this year.
Us is the new cuba
Love that- "new Cuba"! So true! Trump wants to make the USA an island of backwardness in everything. A bunch of racist Neanderthals!
Ironic because car enthusiasts from all over the world go to Cuba to see the vintage cars.
More like the new Soviet Union.
I'll bet at least 40% of them gave him money and voted for him.
Legacy American Auto Companies have been making excuses for decades, excuse after excuse after excuse.
Many in Detroit specifically have been worried they were no longer competitive since they figured out Tesla had made some innovations they had not idea how to implement. Frankly, Detroit OEMs have zero ability to compete with the faster pace of innovation that more agile companies like Tesla or some China OEMs can do. Unions like the UAW have rules and mindsets which greatly slow innovation / change. Legacy OEMs, Dealers and Unions never wanted the EV credits but don't want them taken away because they just can't deal with change, any change and the EV Credit would be a change they have to adapt to. Worse yet, Legacy OEMs due to Dealers, Unions and the current culture are not just 15 years behind, they are 15 years behind and falling further back. Sure, they are trying but just can't shed the dead weight of Dealer Networks, Union Structure and rules, Supplier Network use that makes manufacturing into a piecemeal mess and an overall culture of non-change, non-innovation. It is just a matter of time before the slow become the dead. Until then begging for extra help and the blame game will continue.
The government is distorting the market, the market should decide what car to buy, not the government, free money is always a boon!
No, they aren't... EVs running off lithium batteries are an unworkable solution, right now we should be focusing on overcoming the fears about nuclear and building out more nuclear power and beefing up our power grid. MAYBE the new solid state batteries will be a better solution, we shall see, but faster charging will also mean massively increasing the grid connection to charging stations (10min charging vs 60min = 6 times the wattage from the grid). That's assuming electric vehicles are the solution at all, which they may not be.
Elon says a lot of things, all the time. On averages, some of it would be right. He reckons this incoming admin has saved humanity. Just full on bonkers.
Well, it will take a year or two to see the effects of these changes. You may change your mind then.
I don’t think you appreciate just how much damage the Biden sh*t show did to the American economy and to the application of the First Amendment….America was well on its way to defaulting on its debts and becoming a totalitarian state with DEI hires running everything into the ground!
@@royh6526 no, just Bonkers. look around the world and these crazy ideas have limitations. "let them eat cake" only takes you so far....till you get to the pointy end.
@@royh6526How exactly is the incoming administration going to change the world in any positive sense. It's a serious question because vibes aren't going to last very long.
@@andyfreeze4072Amen. Democracy is the idea that people know what they want and deserve to get it good and hard. America's backsliding is what the public wants.
Not only are most of the US automakers far behind, especially in sales, but they are unlikely to ever get back any marketshare if they abandon the principles of free markets, by going for sanctions. Protectionist measures are actually hurting your own industry, by making them uneconomical.
Well look at microchips .. US firms take heavy profit losses when you sanction their biggest and most profitable market. Now you lose resources for R&D and the flexibility to take risks.
Short term profit prohibits sustainability in technology development and stunned products improvement. Just waiting for competitors to steam roll ahead. Dont let accountants make important decisions.
Elon Musk said that EV subsidies should be cut but also subsidies on oil and gas. If that happened, EVs would benefit and taxpayers would have more money to spend.
Canada just paused the federal rebate.
“The federal Incentives for Zero-Emission Vehicles (iZEV) program in Canada was paused in January 2025 due to strong demand for electric vehicles (EVs). The program was scheduled to end on March 31, 2025, but ran out of funds earlier. “
“ EVERY COUNTRY GETS THE GOVERNMENT THEY DESERVE “ … Pity that the US has the potential to upset the whole Word…
I am all for buying electric vehicles but not being subsidized by taxpayers.
Sent Trump a letter? Trump can only process graphics with limited text. Anything more complex than a comic book page or PowerPoint slide and it exceeded his understanding. Just ask the US Intel community. He didn't read in it or didn't comprehend it. 😂
Grifter in Chief only listens to 💰
Lol...the same intel community that said the hunter laptop was a hoax? the same intel community that manufactured the russia interference hoax on behalf of hillary?
Aside from Magamorons, it is well known that Trump is functionally illiterate and uneducated. You can watch a video of him yesterday telling a reporter that Spain is a 'BRIC' nation! God help us.
I can’t remember vacationing at a resort run by you, but I can say Doral is a slice of heaven.
@chuckrogers5567 is that one of the few things that he hasn't run into bankruptcy...yet? I could be wrong, but I think his list of major failures is longer than his list of success stories. Not exactly a great gamble to put such a failure in charge of the country, but maybe the gamble will result in more success than the casinos he ran into the ground.
Definitely true for Legacy Auto
The reason for the removal of the credits is because in America, many people still believe the combustion engine is the future. We also have much higher concentration of fluoride in our drinking water than China does. Coincidence? Maybe.
No. Americans are buying OLD cars that still work. The modern stuff is trash. All of it.
There is no ev that replaces the ICE car in anyway, especially for lower end models. Until the battery technology is figured out, it's just more money for less capability.
Caveman mentality. STOP with the Flouride myth.
You snooze you lose! Kodak!
censorship is bad.
The logic should be put Federal tariffs on EVs imports and distribute it to domestic EV Federal tax credits. The problem was the EV tariffs money was mostly going to all kind of subsidies.
What business wouldn’t want the taxpayers to bribe the company’s customers to buy their products?
Let customers decide what car to buy. China has no oil and have decided to force their customers to buy electric. Why should the US government subsidize products that most Americans don't want? The US auto industry can not compete with government sponsored competitors hence they will always be behind in the global market for ev's.
CHINA buying massive amounts of EVs isn't the win cockwombles like Sam think it is. Look at how China produces most of its power. In 2023 along China approved more coal fired power stations than the rest of the world combined
It's worth noting that this is what the American people voted for, now they will reap their rewards! It's was not a surprise what will happen, it's not Trumps first rodeo!
Thank you, Sam For a fair and balanced take on this. Tesla dominating at the expense Auto companies is bad for the US economy and working class Americans. And it's actually worse for American Auto companies transition to Electric
Incorrect. (Sorry EViking) This analysis is too superficial. Now before you complain - I also understand how many videos you put out each day and hence I also understand how much research you do and yada yada - and i also understand you have a crew behind you... get the drift? but sometimes you are wrong === I firmly believe that is true" - No ... dude - reign it back - there is NO 10 - to 15 years behind...
Trying to give Musk on monopoly on EV's in the US won't end well
I happen to agree that the incentives should be done away with.
Either a company can produce EVs at profit or they can't. Nobody can say it's impossible anymore.
Sorry I do agree with removing chaos of tax credits
Not all US car manufacturers are behind. Tesla is in the game
Ahhh ... a $7500 increase in price (from elimination or early phase-out of the $7500 U.S. Federal tax credit) IS in fact a very big deal for Tesla, as well as the legacy OEMs. Don't let Elon or anyone else try tell you otherwise. It would definitely reduce demand for Tesla's EVs at least the same % as its effect on the legacies, meaning it will hurt Tesla much more than the legacies as a % of their overall sales (including ICE vehicles) and Tesla even more so as a % of Tesla's profitability. Likewise, it will pull the rug out from under the development of the U.S. supply chain, putting the U.S. at an even greater disadvantage in the global marketplace, particularly compared to the Europeans and China's fast emerging EV industry.
The elimination of the tax subsidies is a death blow to the entire EV industry. Legacy will happily return to ICE and hybrid…and profitability. The US is playing soccer and China is playing cricket. Why would we want to retrain our team because we’re supposedly “behind.”
China's EV industry is not emerging. It is leading the world by an unassailable lead
You sir are absolutely correct. Musk will discourage Trump from eliminating the tax credit.
@@NoiserToo No Sane person would buy a new Car at the inflated prices now charged .
@@JarrodTidwell Elon has actually said he doesn't want the subsidy's or subsidy's of any kind although it helped get Tesla going. It will really hurt the few American EV's and hybrids that qualify for it.
BYD is Number 1 in Singapore beating traditional ICE makers Toyota Mercedes, BMW 😂
I did a visit there last year, and was amazed that there was not 1 single Tesla anywhere, or many other evs for that matter. BYD do a lot PHEVs and no pure ice, interesting.
Have a look at the cost of a license to own a car in Singapore. The EV Early Adoption Incentive (EEAI) EV rebate in Singapore offers 45% off the Additional Registration Fee (ARF), capped at S$15,000 for fully electric cars and taxis from 1 January 2024 to 31 December 2025. Follow the money. Hardly a level playing field.
Singapore is a small island, early adoption of EVs makes sense as there is only a range issue if you are driving off of the island , BYD being relatively affordable would sell well.
It doesnt matter how far china is ahead were not interested in “beating” china we simply dont want to be forced to get EVs when the infratructure to support nationwide road trips and power grid disruption during natural disasters just isnt there yet. Were in competition with ourselves and whats best for our people given the current state of the world and inflation, the safe flow of goods through the worlds waterways, resource allocation and management etc. Making our country not the best in the world but the best we can be for our god and ourselves. Mistakes will be made but were done with net-zero cartels and their acolytes saying EVs are the only way.
US needs to go back to the 40's and 50's when cars were "made to order" or "on demand only". Your dealer probably had one demo car per model and you were willing to wait 4-8 weeks (or more) to get the spec'd car of your dreams. Today dealers are stuck with tens of thousands of high spec cars no one wants and they will likely never sell at full price. I realize that factory tooling is expensive but if cars are actually sold before being made, there is inherently less risk. "We made only 11,000 cars because that was the actual demand not some egg head analyst's prediction of 49,000". Companies are scared to death that customers will go to another brand who has 200 cars ready to drive off that same day. I don't think so. If I want a specific model in a specific color unique to me I will put money down and wait, wait, wait.
Cars weren’t “made to order or on demand only” in the 40s and 50s. They were mass produced.
Any other BS you want us to know?
thats not going to male cheaper vehicles. you need scale to reduce costs. where you been?
It can work both ways; while it's prudent to make a sale on demand with a choice of available inventory, you also don't want to tie up revenue in excess inventory.
We understand Germany is considering allowing China to buy and manufacture EVs in 3VW factories in Germany. Surely great idea, huge employment of German workers and huge opportunities for businesses to supply vehicle parts to these factories. Would it not be a brilliant idea if America swallowed its pride and encourage China to buy factories in Detroit etc ? ! ?
Germany are already working with Chinese car companies. Hardly News.
All the money wasted on military technologies! And yet still behind!🤣🤣🤣
Just read about Amazon in Quebec and unions. Two months ago they were advertising for jobs.
I’m English I think America makes some very good products, I like American trucks I like a lot of American carpentry power tools and hand tools, but I don’t think Trump understands the EV market or the car market, it’s much more complex than he thinks.
As an American I think the New Clean Vehicle Credit and Used Clean Vehicle credit should be left alone. It will expire on Dec. 31, 2032. Let it run it's course.
The US is a very wealthy and powerful country that for a very long time has understood you need to keep the people hungry, desperate and scared for this economy to work. Our economy also does not work without the a very cheap and illegal labor work force at the very bottom. We could solve all our problems in 1 year and build a utopia here, especially now with AI and new energy sources, but it will ruin everything for the ultra wealthy.. why? Because you can't have the sweet without the sour. Money means nothing without desperation of the masses wanting and needing it. Value is all about desire. Think about it.
Musk has said eliminate ev tax credits but only if gasoline subsidies are eliminated too. Sounds good to me let’s have the true cost of gas and oil so an informed decision can be made.
I’m not sure that tRump can read (understand) the letter from the American Auto Lobby Group (Union) … let’s hope he (tRump) has advisors who will do it for him (explain it to him) … 🤔 🤷🏼♂️
The largest issue with the U.S. automotive industry is that whenever a foreign EV competitor has an idea that is innovative, U.S. manufacturers feel that if they didn't think of it first, it's "no good", as is the case with the west changing over to giga- casting. The nimble-ness is just not there.
If they cut those credits and the big makers stop working on EVs or take even larger losses, they will be bankrupt in 5 years and no bailout will help because they won't have the tech and experience to make the transfer. The tax credits provide a small bridge, granted it is a small one but it is helping.
Chaos is a very polite way to put it!
people are probably not buying them due to charging issues. NYC is one place with serious obstacles. Grid and other issues might need to be tackled first
Incentives are to control decisions over market forces. Build the right product.how about incentives based on recalls!
Trump not only has to please Musk, the oil industry also gave him kickbacks. Trump already said Drill Baby Drill.
Hell yeah. While America booms with cheap energy Europe will sink with solar beams and wind farts. 😂
They can drill all they want but if there is falling oil deman, AND THERE IS, it would be pointless. Oil producers are already restricting oil extraction in order to keep the price of oil up and yet gasoline prices having increased.
Do you actually think oil companies are going to "drill baby drill" away their profits and their big bonuses to get you cheap gas? Not gonna happen. Sure, they will buy up new leases at a good price and sit on them. But drill? In your dreams.@@nordlandak6853
It doesn't matter as China has already become the dominate country in world trade and investment.
Grifter in Chief 💰
If someone doesn't believe that the USA auto industry is in crisis than that person has to look into auto manufacturing industry in Australia. It used to be that lots of automakers were manufacturing cars in Australia. GM had its own Australia specific brand Holden.
Without government incentives everything is gone. I believe ALL cars sold in Australia are brought on the RORO boats from overseas.
I am subsidizing the auto industry $7500 a pop and it’s pissing me off.
The reality is the US automakers have been inefficient and unprofitable for years. They refuse to look at themselves honestly in the mirror and acknowledge that their competitors make cars better and cheaper than them, regardless of the credit. The union culture and control is a big part of this. And they show no signs of changing. The cancelation of the EV credit may extend the life of ICE car production and placate the US carmakers a bit, but Tesla and Chinese made EV's will just keep getting cheaper and cheaper to make. As soon as Tesla releases a compact $20-25k EV it's hard to see the US car industry surviving much beyond 2030. Unless the government keeps on propping them up.
The disruption of transportation is already happening.
Unions have nothing to do with the design of new cars and the product lineup the corporation chooses to produce. Paying livable wages to workers only became a problem when the laws were changed in the 1970's to allow corporations to manufacture in foreign countries with none of the responsible business practices (and often with foreign financial aid) and then sell those goods here against American companies that were artificially put at a huge disadvantage by what are now the billionaires. Tariffs may be horrible for the rest of the world (and billionaires) but it's a good start for a path to bring back the jobs stolen from America by the billionaires for the past 50 years. 50 years ago factory workers retired with a pension. Today those people have to live in their cars if they want to retire. It's the lack of unions that is the problem.
The real answer is to increase the gasoline tax by $2 per gallon, and eliminate CAFE standards
The time it takes to make a car will determine which automaker wins? EV cars with less parts will be the obvious choice as more reliable in the long-term; with replaceable batteries?
If electric vehicles are superior, then they won’t need an incentive people want to buy them.
If American carmakers were any good, they wouldn't need tariffs to keep the CHINESE out. And actually, as a Canadian, I don't care. Except OUR stupid government just does whatever Washington tells them ... apparently Trump didn't get THAT memo either (or couldn't read it).
Biden just sent 8 billion to osreal last week. But you don't want a family to get a tax credit for a car? What's wronge with you? That's why America is finished.
Stop asking others to help pay for your ev. Screw Chinese ev don’t need their cheap fire traps.
The only reason Chinese companies can sell their EVs so low is because THEIR government helps pay for them. It's all a game for the people at the top, don't let political bias override logic.
If American cars were a good value, we wouldn't need tariffs.
The US auto industry was five years behind Tesla when the Model Y came out. Now they are ten years behind, and it's not getting better.
Americans always wants a car or SUV that are TURBO's, V12's and a 6.0 to 8.0 liter ICE combination
i think the US perspective is Competition and Domination. The need to "win". What someone else is doing is the motivation. Disabling the opposition is the simpler than improving yourself. Political interference to disable the opponent is simpler than research and development. And if you think you're on top .. won .. then there's no more need to make effort. Maintain the current status. Freeze time.
If the Chinese perspective is to Thrive and Prosper, then that's self-motivating self-referential improvement. There is no end to adapting and improving.
I think that's why the USA is in a hole. It was in a competition it won. Then it stopped because it had won. And assumed it had the world fixed to stop (progress disabled by endless wars, subversions, political/economic interference) so USA would be the eternal winner in a competition against the world.
I agree a bit Sam
Why wouldn’t Trump and Musk want Ford, GM, Toyota, VW, etc. to fail? What would they have to lose?
Sorry to correct you. What GM, Ford, Stellantis are doing, or not doing, in the rest of the world have nothing to do with subsidies in the US market. Stellantis currently has a dominant market share in South America and are very profitable, but are of course under attack by Chinese companies. But this ”battle” has NOTHING to do with subsidies or not in USA.
I refuse to use the new name. Good ole Chrysler is not doing well in North America. Ram and Jeep lots are full of autos that take an average of 120+ days to sale. China is coming to South America and the story will change very soon.
@ agree about NA , but government subsidies will not change that. Sure China is attacking SA, but Stellantis is not worse equipped to defend their position than anyone else of the non Chinese competitors. Same story as in Europe, in ASEAn and in Middle East. NA is is story by it self and unfortunately the former big three are behind and outdated which no subsidies will fix.
Yeah, probably shouldn't remove them.
Now, product quality will be the deciding factor instead of tax credits.
Tesla uses batteries mostly made in China. That’s why it doesn't qualify for tax incentives. Consequently it is strongly interested to stifle competition inside the USA by asking the tax incentives to be abolished.
I love my Ford Lightning ⚡️
it will be a collectors item in 2 years.
Millionaire can afford them. Trump does not care about your opinion on the lightning.
I’ve been thinking about this a lot recently - so a Lucic or Remac can generate 1000 hp, not sure for how long mind, but an Abram’s tank is around 1500 hp… if China is sensible, they’ll be working towards electric tanks - think about it - near silent, minimal heat signature, could in theory be charged in the field… if they could get the weight down, the US would be knackered!! They can’t afford to fall back in this area!
Do you think the subsidies for the fossil fuel industry should be reduced or cancelled?
Trump will destroy so much.
We can only hope he becomes a lame duck president after the elections in two years' time.
After that demented Biden, what’s left to destroy?
Do these people ever learn anything? They, or their last generation went through a similar crisis and they seem to have forgotten it all.
Those who do not learn from history are doomed to repeat it!
They still have
The hummer gas car credit
Cheers Sam
Remember its very possible our lawmakers will eliminate C.A.F.E standards. As i have said before, the rural market in the US (deep south, midwest, and west) dont really want crossovers or sedans unless its a second vehicle for a spouse. Country folks want traditional big SUVs and trucks. There is not one global solution. Many of these people wouldn't buy a Chinese EV even if they could. I have discovered its best not to make assumptions either way.