How China Won the Electric Vehicle Race - Deepstash
How China Won the Electric Vehicle Race

How China Won the Electric Vehicle Race

Curated from: PolyMatter

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Build Your Chinese Dream?

Build Your Chinese Dream?

- China has become the world leader in electric cars, surpassing the US, India, Germany, and Japan.

- The country’s rapid automotive revolution has led to the abandonment of early electric car models, such as the Changan Eado.

- Chinese drivers now have a wide range of electric car models to choose from, including affordable micro-cars and luxury vehicles.

- China’s shift towards electric cars was driven by concerns over oil dependence and air pollution caused by internal combustion engines.

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The Government involvement

- The Chinese government invested in local EV manufacturers and stimulated demand by buying electric buses and taxis.

- By sustainably supporting these companies, China has been able to become the dominant player in the electric car market.

- China’s success in electric cars has been driven by a combination of market forces and government support.

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In house manufacturing

In house manufacturing

- China has become the world's leading EV manufacturer, despite exporting fewer than 375,000 cars annually in 2015.

- The pollution caused by the rapid increase in car ownership led the Chinese government to advocate for EVs as a solution.

- EVs also offered a significant opportunity for the Chinese economy, which relies on greater amounts of low-cost labor, to compete with high-end automakers in Germany and Japan.

- Chinese automakers are now producing hundreds of models of EVs for consumers, including the BYD Han and the Hongguang Mini.

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IDEAS CURATED BY

CURATOR'S NOTE

The race to dominate the EV market, an incredible insights into China's most powerful EV car makers

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