this post was submitted on 23 Jun 2026
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Electric Vehicles
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Name one Ontario automaker that hasn't received huge government support. This industry sucks billions from governments every year, federal and provincial. China is estimated to boost automakers by $8B, peanuts.
Detroit automakers have seen >$88B in government support...so where are the affordable EVs? How many EVs do we make in Canada? Just this laughable POS @$75,000.
7,400 total sales worldwide.
That's just part of the story.
China has massively subsidized EVs in the last decade. Subsidies amounted to 45 billion dollars in 2023 alone. However it is true that subisdies are now reduced. This aligns with Chinas industrial policy: Subsidies are used to inflate certain sectors and once the state money dries up its survival of the fittest creating competitvly successful market leaders. Basically evolution on a makro economic scale. Perhaps a wise policy but the state wise hedging of markets is also part of the story.
/edit: Source https://www.csis.org/blogs/trustee-china-hand/chinese-ev-dilemma-subsidized-yet-striking
Well there is obviously a reason they dont do it, or you would see them doing it. Its just finding the reasons why at this point.