I hope that by now somebody here is in position to tell Mish where the 800,000 overstated jobs can be found.
" Governments have a number of instruments to bring about behavior change. Traditionally, public administration scholars have distinguished the carrot, the whip, and the sermon (Bemelmans-Videc, Rist, and Vedung 1998)."
The carrot stands for changing behavior by changing incentives. For instance, in a large overview study of 30 countries, Sierzchula et al. (2014) find that financial incentives are positively correlated with a country's electric vehicle market share. However, the effects of financial incentives are not always as expected (Gneezy, Meier, and Rey-Biel 2011). For instance, recent studies in the field of public administration highlight that small economic incentives may have no effect at all...
The electric vehicle industry in China is the largest in the world, accounting for around 57.4% of global production of electric vehicles and around 500,000 exports in 2021...
In recent decades, China’s rapid economic growth has enabled more and more consumers to buy their own cars. The result has been improved mobility and the largest automotive market in the world — but also serious urban air pollution, high greenhouse gas emissions, and growing dependence on oil imports.
To counteract those troubling trends, the Chinese government has imposed policies to encourage the adoption of plug-in electric vehicles (EVs). Since buying an EV costs more than buying a conventional internal combustion engine (ICE) vehicle, in 2009 the government began to provide generous subsidies for EV purchases.
But the price differential and the number of buyers were both large, so paying for the subsidies became extremely costly for the government.As a result, China’s policymakers planned to phase out the subsidies at the end of 2020 and instead impose a mandate on car manufacturers.
Simply stated, the mandate requires that a certain percent of all vehicles sold by a manufacturer each year must be battery-powered. To avoid financial penalties, every year manufacturers must earn a stipulated number of points, which are awarded for each EV produced based on a complex formula that takes into account range, energy efficiency, performance, and more..."
