China has spent at least $230B to build its EV industry, new study finds

What next? Electric aircraft?<p>It’s difficult to get a lead on companies with entrenched mature technology like ICE cars, but new technology, with new logistics levels entry.<p>A caveat in that I’m not an expert on any of this just an arm chair pundit mainlining YouTube videos.<p>Aircraft is a huge market with Boeing seemingly throwing away its position, Airbus unable to expand much more.<p>Still electric aircraft aren’t physically viable, but should the engineering progress then Chinese industries would be able spawn a viable industry.

Most of the subsidies listed in this report are rebates and sales tax exemptions, which benefit people who buy EVs. Those subsidies are also available to foreign manufacturers that sell EVs in China - most notably Tesla.<p>Very similar subsidies exist in the US, such as federal and state tax credits.

Quite a lot - especially compared with total VC investment in the US per year: &quot;The U.S. venture ecosystem ended 2020 with more than 10,800 companies across the country receiving venture funding and approximately 1,965 VC firms managing 3,680 venture funds with $548 billion in assets under management&quot;

there is nothing particularly innovative about China industrial strategy - it is simply long term planning with ROI calculations going multiple decades out. The challenge for the US is how to execute similar plans in a system of governance which encourages (demands?) short term thinking. If there is a requirement for the &#x27;deep state&#x27; it is this; to carry out long horizon objectives whilst the Punch and Judy show of politics cycles around every 4&#x2F;5 years

(over ten years)<p>China spent $230.8 billion over more than a decade to develop its electric car industry, according to the Center for Strategic and International Studies.

US governments, state and federal, have subsidized US EVs to the tune of about $350B, plus or minus $100B.