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Jerry Kahn
Bloomberg Television
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Comments by "Jerry Kahn" (@jerrykahn6894) on "Abandoned EVs Start to Pile Up in Cities Across China" video.
Most of these EVs never made it to market. Along with all the failed car-share and ride-hailing companies that went bust, the manufacturers were making Prop Cars (half finished or partially finished cars, i.e. many of them don't even have batteries, and/or interiors). Then licensing them in order to scam the Chinese government into paying them the subsidies for putting new cars on the market. Doing this helped to greatly inflate the number of registered cars that the Chinese could report. Which allowed the Chinese to claim world leadership in EV sales. They reached leadership in EV sales anyway, but this allowed them to claim such way earlier. It's just like what the Chinese do in most of their industries. In order to control an Industry, the government subsidizes that industry so that it can unfairly compete on the world market and undercut the prices all the other companies in that industry can charge. Thus forcing all the other companies out of business, or gaining a majority share of the market in that industry.
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@cobaltblue2756 Read the whole comment before you call me out. I said China eventually became leader in the EV market. They just did it like they become the Leader in every other market. They illegally subsidized their EV industry so that no other country can compete with their prices. And no, there is no such thing as a free market in China.
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@markoliimatainen2565 Do your research before you call out fake news Those of you who are afraid of the truth are too swift to spout off about how others are spreading false narrative. Shut up and investigate first.
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