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A decade ago, China made two bold statements about the future. The first was to dominate the solar panel industry, which they have successfully achieved. The second was to take over the electric car market, which they have accomplished globally except in the United States. The only obstacle preventing their complete dominance is the substantial tariffs imposed on them by the US government.
At the time, our car industry listened but dismissed these statements and continues to ignore the reality of the situation. If not for the tariffs, our car industry would be on the verge of collapse within a few short years.
China's BYD car manufacturer is the fastest growing auto company in the world and sees no sign of slowing down. They don't sell in the US yet but are making plans to set up sales in Mexico and Canada. ...it's just a matter of time.
BYD is not encumbered with unions and has generous subsidies from their government. They also make a product that is wholly supported by the Chinese government and people. This is in stark contrast to how Tesla, and EVs in general, are seen by our government.
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