the past 15 years or so. And you've had dozens die by the wayside. And today what you have are the survivors, the BYDs of this world that are lean, mean fighting machines. Now, does China have comparative advantages in that it might not have the same environmental rules we have in the West? Absolutely. Does it have cheaper labor costs? Absolutely. Have there been subsidies given to electric vehicles? Yes. And have there been sort of governments ordering fleets of electric vehicles for the Ministry of Defense and ordering fleets for this ministry and that ministry, et cetera? Absolutely. But the West does that as well, right? I mean, it's not as if our electric vehicle industries in the Western world haven't benefited from enormous subsidies. Would Tesla have existed if it hadn't been for government subsidies, especially early on in its life? So we can sit around and say, oh, China's successful just because of subsidies. But I think we're hiding ourselves from the more important truth, (30/42)
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