Electric-Vehicle Bubble Deflates

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【Summary】The US's attempt to imitate China's economic model is failing as its electric-vehicle bubble collapses, highlighting the failure of industries built by government intervention.

FutureCar Staff Aug 24, 2023 9:29 AM PT

One problem that the U.S. is facing is that voters are not convinced by the government's attempt to imitate China's economic model. This irony is evident as the country's industrial policy is currently falling apart. A prime example of this is the collapsing electric-vehicle bubble, which serves as a lesson on how government-built industries can also fail due to government involvement.