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Is it really a drop in the bucket b when we take the value per vehicle ?
If we compare Ford to BYD for example.
In 2023 Ford sold around 2 millions cars and BYD around 3 millions.
For Ford only 72 608 cars out of these 2 millions were EV (3.6%) For BYD it’s was almost 1.6 million EV (53.3%)
In 2023 Ford got $9.2 billions from the US government to produce EV, so around $126 000 per EV sold in 2023.
$126 000*1 600 000 = $2 trillions ! So unless BYD received more than $2 trillions dollars from the Chinese government in 2023 it means that each EV sold by Ford is more subsidized than an EV sold by BYD.
This is not an analysis, I took huge shortcuts in this comment and might have done mistakes in the calculations.
It releases on my birthday !
I don’t think I have a choice then, I’ll have to get it on day one.