China vs. U.S. BEV Markets
2/ Chinese buyers are incentivized by attractive subsidies for EVs with great range and already-low prices. Chinese companies dominate the EV space with superior battery technology, lower supply chain costs, and manufacturing precision. pic.twitter.com/kDAHLQhJyR
— Bridget McCarthy (@bridgemccarthy_) May 28, 20214/ American companies can’t even figure out how to make batteries for these vehicles. Weak government support and lacking industrial might are both to blame. 18.9% of Americans can’t even buy some EVs in their state.
— Bridget McCarthy (@bridgemccarthy_) May 28, 20216/ The U.S. Gov't is so partisan on EV goals. The Biden Administration laid out a $174B plan for EV infrastructure & incentives; Senate Republicans countered with a $4B plan. Meanwhile, the Chinese Gov't has been setting & attaining vehicle electrification goals for years.
— Bridget McCarthy (@bridgemccarthy_) May 28, 2021Follow @snowbullcapital Follow @bridgemccarthy_7/ “China is eating our lunch,” dinner, breakfast, and making all our meals. It’s time for the U.S. to wake up and get into a race in which it has already been lapped.
— Bridget McCarthy (@bridgemccarthy_) May 28, 2021
