To put in perspective, China only exported about 16% of
EVs manufactured in the country. 84% of EVs made in China are sold
domestically at present. Where is the overcapacity that China is
flooding the world with EVs that the USA and EU are talking about? Even
dumping is a lie as EVs sold in China are much cheaper than those sold
outside China.
The USA, EU and Japan are playing catch up in EV
production, but knowing they could never compete on a level playing
field. First and most importantly they do not have control over most of
the raw materials like Lithium as well as the processing facilities,
which are in Chinese hands. The Japanese knew that much earlier and
moved away from EVs, and instead concentrated mainly on developing
Hydrogen Fueled and hybrid vehicles.
EVs made in USA, EU or
Japan are a couple of times more expensive, cost wise, and need to be
sold more expensively than Chinese EVs in order to survive. How are they
going to compete with China's intent on dominating the EV market
globally? They are desperately trying to put hurdles on Chinese EV
manufacturers, which will impact on their own citizens having to pay
more for EVs with higher tariffs.
These three legacy ICE vehicle
manufacturers in USA, EU and Japan knew that 16% of Chinese EV export
now is going to shoot up and dominate the market globally going forward,
and they had to nip it in the bud to prevent that happening. Thus, the
accusation of over-capacity is one narrative they have to invent and
keep repeating to rein China in. Just as repeating the fake genocide in
Xinjiang, which is now quietly overtaken by the real genocide in Gaza.
With
Huawei, it was about National Security Issues. With EVs it is now about
overcapacity. With semiconductors it is about containing China's rise.
They will invent fake narratives to fit their agenda. Where is the proof
even in the context of Huawei after so many years?
What about
inventing WMD to invade Iraq? What about fermenting the fear of the fall
of the dominoes in Southeast Asia in order to go to war with North
Vietnam? What about creating a false flag 911 to invade Afghanistan? See
the drift?
Anonymous