As US Squanders $728.5 billion/ yr on Pentagon, China Captures 65% of Global EV Sales, ups Production 115%

 

China is beating the pants off the United States in the burgeoning new energy vehicle market, out-producing and out-selling America with regard to plug-in vehicles by a massive margin. Whereas the Chinese government is supporting this new industry, the US government is still subsidizing fossil fuels and is spending $728.5 billion a year on the Pentagon at a time when the US is not even at war. The result is bloated and problematic engines of destruction like the failed F-35. In the first quarter of 2022, China is expected to take 65% of the global market in new-energy vehicles, according to Yang Yang at China Daily. China exported about 500,000 new-energy cars in 2021, 2.6 times more than the previous year,. China’s EV exports to Europe rose fivefold to 230,000 units write Akashi Kawakami, Yohei Muramatsu and Saki Shirai at Nikkei Asia.

Source: As US Squanders $728.5 billion/ yr on Pentagon, China Captures 65% of Global EV Sales, ups Production 115%

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