this post was submitted on 05 Nov 2024

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China Can’t Cut Electric Vehicle Subsidies It Isn’t Paying (www.bloomberg.com)

submitted 3 weeks ago by nekandro@lemmy.ml to c/worldnews@lemmy.ml

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[–] Niquarl@lemmy.ml 7 points 3 weeks ago (1 children)

I though a lot of their industry was also built on real cheap electricity thanks to them building their factories near dams and the like.

[–] humanspiral@lemmy.ca 2 points 3 weeks ago

It is part of their abundance strategy. Massive solar deployments is further reducing energy costs. Solar production facilities being fully solar powered now is a massive cost, EROI, advantage.