How China Gained Global Dominance in EV Industry
In the last two years, China’s yearly sales for electric vehicles has increased from 1.3 million to a staggering 6.8 million, making 2022 the eighth year in a row that China has had the largest electric vehicle market in the world. In contrast, the United States managed only about 800,000 electric vehicle sales in the same year. China’s leadership in the electric vehicle market has helped the country’s automotive sector develop steadily throughout the pandemic and also aided China in its effort to take the lead on global climate policy.
According to “MIT Technology Review,” various experts attribute China’s accomplishments to the government’s support for supply and demand for…
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