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Georgia Howe

πŸ‘€ Speaker
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8756 total appearances
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Podcast Appearances

Morning Wire
The Race to Stop Chinese Cars

I think it was kind of quiet.

Morning Wire
The Race to Stop Chinese Cars

People just drove their cars.

Morning Wire
The Race to Stop Chinese Cars

But there's so much going on in the world, and I think a lot of people are missing what's really happening and the impact it's going to have on everyone.

Morning Wire
The Race to Stop Chinese Cars

Well, there's actually an interesting history behind it.

Morning Wire
The Race to Stop Chinese Cars

The Chinese manufacturers knew that they couldn't beat the Americans when it came to regular combustion gas engines.

Morning Wire
The Race to Stop Chinese Cars

And they couldn't beat the Germans when it came to diesel engines.

Morning Wire
The Race to Stop Chinese Cars

They just had it down pat.

Morning Wire
The Race to Stop Chinese Cars

And in order to beat them, they would have had to have better fuel economy or something special.

Morning Wire
The Race to Stop Chinese Cars

And it was very difficult to do.

Morning Wire
The Race to Stop Chinese Cars

So they came up with the concept of creating electric vehicles, creating a story.

Morning Wire
The Race to Stop Chinese Cars

But before they created the story, they literally purchased cars.

Morning Wire
The Race to Stop Chinese Cars

most of the mines that have all the rare earth minerals for the batteries.

Morning Wire
The Race to Stop Chinese Cars

So if you own the supply chain, you get to own the industry.

Morning Wire
The Race to Stop Chinese Cars

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.

Morning Wire
The Race to Stop Chinese Cars

They don't have unions.

Morning Wire
The Race to Stop Chinese Cars

They don't have all the cumbersome issues with their government.

Morning Wire
The Race to Stop Chinese Cars

The government was supporting it.

Morning Wire
The Race to Stop Chinese Cars

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

Morning Wire
The Race to Stop Chinese Cars

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.

Morning Wire
The Race to Stop Chinese Cars

And then once they started taking over, it went really quick because the government subsidized every sale of every car.