Yellen warns China’s surplus of solar panels, EVs could be dumped on global markets

by xena_lawless

10 comments
  1. This is extremely corrupt climate terrorism and protection of oil and gas extortion.

    Instead of spending taxpayer funds on a minimalist expensive US solar and EV industry, where big 2 automakers have demonstrated incompetence so far, the US should take advantage of China’s supply abundance.

    Can make cheap EVs in US with full access to China battery supply. Can invite, without tax breaks, Chinese battery plant/licensing investment is extra US economic improvement without public taxpayer/debt burden.

    Solar is even more obvious import. 10c/watt solar panels is less than 10% of the cost of solar power projects. The other 90% is provided by US labour and materials.

    Both these sectors provide Americans with affordable power and vehicles. Forcing Americans to be extorted by oligarchs is the same old corporatist oppression of Americans, and a key factor contributing to the US as the most corrupt evil empire the world has ever known.

    Either global warming is a real issue that must mobilize the world to fight it, or it is only worth solving if the US dominates the slow extortionist pace in addressing it.

    BYD official last week predicted that March plug in vehicles with have 50% share in China. Up from 22% in December. Cheap battery prices makes all the difference in EV penetration. BYD has vehicles where battery value alone is $300/kwh. With V2G, and solar, this is enough to profit from the car by leaving it parked forever, at just over 3c/kwh differential price between charging and discharging.

  2. Isn’t China “dumping” everything they make on the global markets? It’s called commerce!! 💅 

  3. This is what everyone hates about capitalism.

    We’re setting fire to the planet with fossil fuels and getting warnings that we might have too much solar power…

    Also, I love when we get stories of “communist china” engaged in market tactics.

  4. God, now the US will be flooded with cheap electricity and transportation. Can’t this be stopped?

    It’s like how China built too much housing and now Chinese people all have cheap housing and vacation homes. Such a mess.

  5. How is that even bad? Sounds like cheap goods in a sector we know is beneficial to grow.

  6. Americans don’t like when somebody is better at capitalism?

  7. Welcome to the global market where US manufacturing will have a hard time competing because of higher input costs.

  8. So what? There is little military strategic value in solar panels and EVs, and we desperately need them to help solve the climate mess. If the Chinese want to pour their tax money into making them better and cheaper, that’s good for us all.

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