Technology
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Once again ordinary people in the West are saved from affordable, low-pollution living, and Western companies are saved from having to compete.
That's catchy, but not entirely true.
China heavily subsidizes EV manufacturers (and production in general), plus they have cheaper environmental and labour standards... it's not like there's a fair market EU companies can compete in without some sort of handicap.
PS: Yes, "western" countries have been playing along with China's deliberate long term strategy with full awareness of where it would lead, but that's another story that is both much older and has a much broader scope than the EV industry.
...
then talk about subsidies or non capitalist country controlling the currency, markets, VCs, etc.
What does that even mean?
I did… that was the part about extracting value from a dying industry.