this post was submitted on 18 Jul 2026
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Mildly Interesting

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The US auto industry is in big trouble. China now makes 75 percent of all electric vehicles sold anywhere on earth. US automakers make around 5 percent. (www.nytimes.com)
submitted 2 months ago* (last edited 2 months ago) by Zaelaa@lemmy.zip to c/mildlyinteresting@lemmy.world
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[–] Itdidnttrickledown@lemmy.world 12 points 2 months ago (2 children)

They did it to themselves. By limiting competition in a lazy move to maintain dominance they have lost.

[–] daychilde@lemmy.world 9 points 2 months ago (3 children)

Oh, they haven't lost. It's us who have lost. Government is protecting their profits.

[–] Itdidnttrickledown@lemmy.world 1 points 2 months ago* (last edited 2 months ago) (1 children)

They have definitely lost.

[–] tkohldesac@lemmy.world 3 points 2 months ago (1 children)

Can I start losing then? I’d love to have great grand children that never need to work a day in their life.

[–] Itdidnttrickledown@lemmy.world 1 points 2 months ago

Oh no they don't think they have lost. No one will force them to give the money back unless there is a purge. Even then no one will be asking.

[–] Itdidnttrickledown@lemmy.world 1 points 2 months ago

For now. Its always been the government who helped create the captive market.

[–] Spacehooks@reddthat.com 1 points 2 months ago

Don't worry the invisible hand will save them

/s