The problem is the U.S. has an unlimited budget and the ability to print money on a scale that very few other countries can match.
We have set standards in incentive packages and timelines for implementation and it is really pissing other countries off because they cannot come up with the funding.
The cost of moving to fast is costing trillions,the current battery technology does not make it feasible to be shipping batteries across the country,so manufacturers also have to have a battery factory close to the auto manufacturing and assembly plants.
In another 10-15 years when auto manufacturers are ramped up to be producing EVs on a larger scale,all the trillions spent today is going to be wasted because the technology will be different .
It’s putting the cart before the horse,they know the battery is the weak spot with EVs but let’s spend trillions building EVs and we can figure out how to power them later.
The reality is any EV built today will be worthless 10 years from now because it will be obsolete and charging stations etc will be designed to charge battery technology of that time.
They already know how to build cars,they have been doing it for a couple of decades,it’s the batteries that should be the focus.
The storage aspect because it not only effects vehicles but solar and every thing else.
But you can go back 30 years and see all of this playing out exactly like solar did,not that it matters because China already has EVs that nobody else in the world can compete with price wise.
This case is weaponizing funding for political gain,which is actually quite common in the U.S.,we just use bigger numbers based on economy of scale.
These companies also have to realize that these smaller countries cannot match funding levels based on U.S. standards,which is why all of the foreign companies are flocking to the states because we have deep pockets.
The bottom line is if a manufacturer wants to exist,at this stage in the game they have to build battery plants close to the source of production,the spending of billions of dollars in order to incentivize something that the companies need to exist anyways is border line insanity.
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