To start with (and also to end with
): I don't think a Honda forum should be about politics in any way, but in my opinion about cars and only cars (yes, mainly Hondas).
But if we mention Chinese state subsidies for car manufacturers, we naturally ought to mention the import tariffs on Chinese cars as well:
The European Union has significantly increased import tariffs on fully electric cars from China due to unfair state subsidies. On top of the standard import duties of 10%, additional rates of up to 37.6% now apply, which can amount to nearly 38 to 48% in total tax.
Oh, and that it could backfire and the Chinese are now flooding the European market with (full) hybrids and plug-ins was, of course, something Europe hadn't foreseen...
The US government also subsidizes its own automotive industry on a large scale. This is done through direct billions in aid for the transition to electrification. The Department of Energy makes billions available on an ongoing basis—including a $12 billion package—to support car manufacturers in switching to electric driving and building factories.
The government strongly protects the domestic market against foreign competition with high import duties, which have now risen to 25% for European cars.
Chinese electric vehicles (EVs) face a total combined tariff exceeding 125% to 250% of the vehicle's value.
In the past, the federal government has saved car manufacturers such as General Motors and Chrysler from ruin with massive financial aid packages.
As stated above: Let's just talk about cars here; other forums are available for politics.
