As Trumper is taking the US back to the1950s on the orders of his big oil pay masters, the EU has just announced €100billion for it’s clean tech industrial deal.
“The €100 billion (~$105 billion USD) from the plan will support several initiatives to improve Europe’s manufacturing and clean energy competitiveness, including acceleration of clean energy and electrification, energy efficiency measures, recycling and raw materials access, and education for clean jobs”.
The USA are now bellyaching about it, Er The USA’s IRA anyone?
https://electrek.co/2025/02/26/as-trump-backs-off-of-clean-jobs-eu-sees-an-opening-with-e100b-investment/?extended-comments=1#comments
But you’ve also said that the net zero scam is good for China not for Europe’s manufacturing industry.Make your mind up which is it.
The truth is Trump is doing what’s good for the US not the Socialists who’ve hijacked Europe.
The only way you can sell Electric is by forcing it on customers at 25p per kWh and rising and subsidising the costs of EV owners by freezing low income pensioners who can’t even afford gas at 8p per kWh let alone electric at 25p per kWh or afford or want to buy a crap Chinese EV.
Technology and economics are not zero sum games.
The lunatic who is Ed Milliband will be pleased.
(An indication if ever there was that there is something just not right.
)
How is closing down European automotive industrial capacity, to the advantage of China, not an economic zero sum ?.
Just as closing down British industry to the advantage of Europe was when it turned us into an IMF bail out basket case.