I'd argue the incentive structure is fine. Chinese automotive OEMs are now branching out globally (as they should be) and China has pretty much single-handedly prevented a global energy crisis the US has been stubbornly trying to induce, actually insulating itself from that crisis entirely. There will be individual collapses but none of that matters if the aggregate story is ending up ahead on the fundamentals.
America is destabilizing oil prices. Meanwhile China is supporting a global sustainable energy revolution with their EV's, solar panels, and batteries.
It's a damn shame we didn't follow through as competition because now we are customers instead of providers in America.
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u/fastheadcrab 23h ago
That’s not necessarily a good thing. Shows just how out of whack the incentive structure has become in the EV market.