Thanks to Trump, Chinese EV are taking over the world and the US auto industry is collapsing.
Yeah. Completely invisible to Americans though, as the Chinese cars are effectively banned in the US
Trump managed to fuck over everyone in the world with cost of living issues, make record profits for oil and gas companies and speed up the energy transition at the same time.
Definitely a weird timeline we’re in.
Nah, it’s not really thanks to Trump, he only helped a little bit. American car production is one of the most protected in the world. But that was the case before Trump too. Countries like Brazil are of course way worse all the way back since the 50’s, and their car industry is utterly unable to compete internationally.
So in USA American manufacturers don’t have to compete with China, but in international markets they do, and I think American manufacturers are losing ground almost everywhere outside USA.
The only market that will be left for US car companies will be the US as they drop EV production as they can’t compete. The US market is insignificant compared to world markets.
Exactly.
The US auto industry was already in bad shape, when Trump took office. GM has sold most of its European parts in 2017 and is currently mostly in the US, China and a bit in Brazil. Obviously they have a bad time in China. Ford also was hit hard in China nearly a decade ago. Nothing to do with EVs, just not being competitive and the European business is in decline since 2020. Chrysler was bought by Fiat.
The only American car brand hit by Chinese EVs outside the US is Tesla. But even that is to a large degree other car companies just building better EVs. Not just Chinese ones.
Nice that the rest of the world is moving forward and a decentralized energy future is coming closer.
