South Korea warns Joe Biden’s EV subsidy scheme at risk of ‘collapse’ on.ft.com/3UwSDCM
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@FT Subsidies are paid by taxpayers. Drop them all.
@FT Collapse of major EU and US car companies coming
@FT But the problem is that Biden has no choice. God is forced to subsidize American electric cars, otherwise no one will buy them. So? next will be 1929-1933
@FT China has largest production but only 3rd largest proven reserves. Turkey and Brazil both have larger estimated reserves for mining it. That being said it’s China’s dominance of the synthetic graphite industry which is of concern to electric vehicle industry.