Georgia Howe
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Appearances Over Time
Podcast Appearances
And they couldn't beat the Germans when it came to diesel engines.
And in order to beat them, they would have had to have better fuel economy or something special.
And it was very difficult to do.
So they came up with the concept of creating electric vehicles, creating a story.
But before they created the story, they literally purchased cars.
most of the mines that have all the rare earth minerals for the batteries.
So if you own the supply chain, you get to own the industry.
So they created electric cars and they didn't start off so great, but then they really started to ramp up because they can move quickly.
They don't have all the cumbersome issues with their government.
The government was supporting it.
And because that they knew the only way to take over the auto industry, which is the one industry they haven't taken over, is
push these electric cars, bring the story, whether you believe it or not, about that we're running out of fuel, we don't have enough diesel, which is not true, but it's a great story to get a bigger grasp on the industry.
And then once they started taking over, it went really quick because the government subsidized every sale of every car.
So while you're in Germany and you look at a beautiful Audi and it's $40,000, I can buy a BYD for about $30,000.
I can get this vehicle and save a lot of money.
But what they were really doing was hurting their own country and their employees and the supply chains and the economy of the country.