Part 7/14:
Chinese solar firms have decimated U.S. and European markets, leading to bankruptcies and the retreat of domestic manufacturing. Despite this, China’s solar industry remains highly competitive, with more than 80% of the global market share at every stage of production—cells, modules, and systems. The United States and Europe are now attempting to rebuild their industries through subsidies like the Inflation Reduction Act, but critics warn that excessive support could lead to inefficiency and long-term sustainability issues.