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Biljana Durdevic, Farewell, 2021 Source: Biljanadjurdjevic

The price of EV dominance

"CSIS, the US think-tank, estimates Beijing’s cumulative state spending on the EV sector is more than $125bn between 2009 to 2021." ... so that is less than $10bn pa in subsidy. Pretty good bang per buck!

Goldman data sugge…