Yeah fuck Canada ig

Edit: just to clarify, the Canadian government gave them more than half a billion for the EV retrofit. Guess that’s all money pissed into the wind now.

It’s not subsidized though guys don’t worry

To celebrate Tesla’s US$788 billion market cap in comparison to BYD’s $93 billion is to confuse incentives with outcomes. Both companies receive generous tax breaks and other government goodies. That Tesla is far more profitable than BYD while EVs have far less market penetration in the US is evidence of policy failure, not Elon Musk’s brilliance. Tesla pocketed the incentives while BYD (and competitors) delivered outcomes.

What we want from the butcher, the brewer and the baker are beef, beer and bread, not for them to be fabulously wealthy shop owners. What China wants from BYD and Jinko Solar (and the US from Tesla and First Solar) should be affordable EVs and solar panels, not trillion-dollar market-cap stocks. In fact, mega-cap valuations indicate that something has gone seriously awry. Do we really want tech billionaires or do we really want tech?

Putin can wax lyrical about Russian history going back millenia without notes. Biden can…

A recession typically follows after interest rates come down (interest rate cuts are a leading indicator of a recession because the Fed is usually too slow to cut).

Meanwhile US O&G:

They’re CANDU designs, so probably SNC-Lavalin?

This is where China’s “debt trap diplomacy” might actually be beneficial for Kenya…

China’s loans serve to improve the top-line (economic growth), and China’s loan concessions don’t affect that. When Kenya puts Mombasa Port’s 50-year operating and port fees up for collateral, that’s a hit on the bottom line (Kenya’s government revenues) but does not change the fact that the port still exists to drive economic growth. Moreover, often the short-term hit in port revenues is less than the interest that would’ve been paid on the loan, so these collateralized loans are often cashflow neutral or even cashflow positive to default on.

The IMF and World Bank are more focused on padding the bottom line (tax revenues) by increasing taxes and decreasing subsidies. What an insane policy.

If a country can’t grow, how can you expect it to pay off it’s loans? The entire principle of government loans in the 21st century is that GDP growth makes loans progressively less expensive. The IMF and World Bank exist only to keep developing countries poor.

Well, the trade war is also a factor, but what I’m saying is that Chinese government policy is what’s keeping EV manufacturers from selling abroad. The EV supply chain has gotten so robust and cost-efficient in China that the government has to bribe manufacturers to focus their efforts on the domestic market instead of just eating the cake of everyone else.

You didn’t have to inject your pedantry everywhere either over 10% losses, and yet here we are.

AC/DC converter losses are on the order of 10%. Negligible, and don’t change the point. Your pedantry is noted and ignored.

Every single Chinese EV manufacturer wants to go make sales abroad because the price war in China makes profits barely attainable, but government policy and subsidies keep sales within the country.

The open secret is that China’s EV subsidies are designed to keep sales within the country, because otherwise Chinese EV companies could make obscenely higher margins selling overseas.

The BYD Seagull ($9700 in China) is being sold as the BYD Dolphin Mini in Mexico… For $21000.

The BYD Seal U (€19400 in China) is being sold in Germany for €41990.

Sanders could’ve won against Trump in 2016 and he could’ve won against in 2020. Yet, here we are in 2024…

Lai is a short-sighted idiot that would rather be dependent on external seaborne LNG imports than maintain any degree of energy independence with nuclear.

I don’t think I need to say anything about how bad natural gas is.

Dividing America by building infrastructure instead of dumping trillions of dollars into the next military superproject.

I shouldn’t need to say that not only natural gas bad, but oil also bad

I’m cautiously optimistic that the burger empire will embrace HSR like the rest of the advanced world. America’s competition is no longer the Soviet Union, but China.

Can you ban people for spurious reports too thx

The real answer is that most roads are a transient solution as transit gets built out. They should form an auxiliary network, not the backbone of a country’s transportation.