I am, generally speaking, not anti EVs, I am just anti-subsidisation of governments in things like this.
Emotions aside, the current facts are that China has made it one of its key policies to be the world leader in EVs and is subsidising the shit out of the whole thing on a ton of different levels. Yet, only around 20% of China’s 200-plus EV makers operate at sustainable capacity levels and a few, max, are in profit.
I understand why they want to control the cobolt mining and lithium battery market, that makes sense from their geopolitical perspective, but what's the end game with the EVs - just keep subsiding forever leading to maybe only a few companies that even make any money? what's the point really? China doesn't give a shit about the planet so it's certainly not that.
i would be interested to hear the opinion of fellow stackers who know more about this, perhaps @TomK has some insight?