Downhill = good, momentum is unstoppable, nothing stops the electrification transition, we’re simply arguing time horizon now; China will be the clean energy and mobility manufacturer to the world.
(50% of car sales in China in 2024 were battery electric or plug in hybrid)
Unfortunately, the US would rather subject its consumers to legacy auto and Tesla prices and lack of competition vs enabling imports to drive down domestic prices to improve affordability. Poor policy is unfortunate.
And with the rest of the world covering to electric, we can expect negative economies of scale alongside the financial problems of economic contraction for combustion car makers.
The coal companies started going bankrupt long before the end of coal. (hell it's still not over...) Simply because investors could see that it's a shrinking industry, making it impossible to get financing for new plants, mines, etc.
I terminated my in process application to import the vehicle from my property outside of the US for two reasons: I no longer intend to maintain majority residency in the US for the foreseeable future (obvious reasons), and the US government is effectively banning Chinese EVs in the US [1].
Was fun to make the attempt, but sometimes city hall wins. It turns out it is easier to expat than to import a Chinese car.
As of tomorrow morning the US has declared war on its legacy domestic auto industry, too. Take a look at GM's stock. Trump was warned there would be plant closures if tariffs were enacted but he went ahead anyways. Doesn't show much of a preference or concern for those industries at all.
But sure, maybe Tesla. Though I suspect they use parts from Magna etc on this side of the border, too.
I feel most people still don't realize that China is facing a demographic crisis. If their demographics matched the United States sure, but its unlikely china will be leading many of these future technological situations. Don't take me the wrong way, they have a great opportunity in front of them but just the resources required to take care of their elderly is going to suck up a pretty hefty amount of resources.
More industrial robots are built and sold in China than anywhere else in the world. This is an intentional choice, the government knows their working age population is shrinking. They will race to automation before their demographic dividend is finished paying out.
To note, the US has no robotics foundries, and already is experiencing labor shortages today.
