Competition is fierce, but they are not exactly struggling due to government subsidies/incentives. These are so extreme that Chinese manufacturers are over producing and dumping “used” EVs with zero mileage for export.
Similar to US agricultural dumping, this is a terrible policy for everyone, except for the beneficiaries of the subsidies, and maybe the overseas consumers who get cheap EVs in the short term.
Competition is fierce, but they are not exactly struggling due to government subsidies/incentives. These are so extreme that Chinese manufacturers are over producing and dumping “used” EVs with zero mileage for export.
Similar to US agricultural dumping, this is a terrible policy for everyone, except for the beneficiaries of the subsidies, and maybe the overseas consumers who get cheap EVs in the short term.
China’s Zero-Mile ‘Used’ EVs Are Flooding Global Markets - https://insideevs.com/news/763687/china-zero-mile-used-evs/