One of the biggest thing a lot of people are missing is that from this year Solar + battery became cheaper than coal in China. And avg annual price decline for solar and battery is still around 8-10% ie if you don't go to solar and electric machinery you will not be able to compete with China as they are about to reach the point in the next 10 year where electricity/energy is practically free.
It is weird to me that nobody wants to import Chinese electric cars. If Chinese investors and politicians are really subsidizing the production of electric cars, importing them would be basically having the new grid subsidized by a foreign government!
The usual argument is that this kills the domestic car industry, leaving us fully dependant on Chinese cars: what's going to happen when they hike their prices by 1000%, or threaten to stop all exports?
Pretty sure it's because a domestic auto industry is considered strategically important to maintain in case of war. Also, the supply chain employs a lot of people and maintains industrially important skills.
