The U.S. can't sit by and let China dominate the electric vehicle sector, Transportation Secretary Pete Buttigieg said during a panel with Axios. He argued that China's heavy subsidization of its homegrown EV sector was driven by a desire to dominate the future of the auto industry, and outcompete the West.
"It’s not fair competition," he said regarding China's EV push. "We’re talking about a, I can’t even call it an industrial policy, it’s really a market distortion policy, driven by China. By the way, not because the Chinese Communist Party is populated by environment buffs, right? I mean, they’re doing this because it is strategic. Because they understand the strategic value of trying to dominate the EV market, because the EV market is where the entire automotive sector is going."
