this post was submitted on 27 Feb 2024

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politics

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China’s Electric Vehicles Are Going to Hit Detroit Like a Wrecking Ball (www.nytimes.com)

submitted 8 months ago by zifnab25@hexbear.net to c/politics@hexbear.net

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[–] zifnab25@hexbear.net 27 points 8 months ago

We export $55B in automotive cars and parts annually. If China gets a foothold in Mexico or starts dominating markets in Europe or Indonesia or India, the Americans are in for a lot of pain long term.

There's also a demoralizing effect of foreign countries having better cars than the states. Japan really fucked the American psyche with Toyota's global dominance.