Definitely related. EVs are relatively new technology and internal knowledge for engineering R&D, materials, and manufacturing infrastructure all have to be spun up. All this, and you need marketing/planning folks to decide on what sort of vehicle will sell the best against their engineering capabilities.
I imagine China is subsidizing the R&D of their EVs while American car companies are trying to recoup those costs
Definitely related. EVs are relatively new technology and internal knowledge for engineering R&D, materials, and manufacturing infrastructure all have to be spun up. All this, and you need marketing/planning folks to decide on what sort of vehicle will sell the best against their engineering capabilities.
China has been subsidizing EVs since 2010.
Longer than that. China has been promoting battery technology as a strategic initiative since the 90’s.
Every major company subsidizes R&D. That’s what federal research grants are all about. The NSF, NIH, etc do.
Other US subsidies on EVs aren’t specifically restricted to R&D but US companies could apply it to that, if they want.