Why China Is Winning The EV War

China is rapidly becoming the global leader in the electric vehicle (EV) market, thanks to a strategic blend of government support, advanced manufacturing, and a robust domestic market. By 2023, China dominated EV battery production, accounting for over 60% of global capacity and 80% of raw material refining. The country's extensive network of 1.8 million public charging stations and significant investments in battery technology, led by companies like CATL and BYD, further solidify its leadership. With a vast automotive market and stringent regulations pushing EV adoption, China saw 27% of new car sales in 2023 being EVs. This rapid growth is driven by homegrown companies like NIO, Xpeng, and Li Auto, which have also boosted China’s global EV exports. The government’s substantial subsidies, tax incentives, and stringent emission policies support both manufacturers and consumers, accelerating the transition to electric vehicles. China's extensive infrastructure, innovative companies, and aggressive export strategies position it at the forefront of the global EV revolution.

[@tpol6515]

Simple! because they can make it cheap. We need to stop them or how can we sell expensive stuff and make 1000% gain.

[@drew-azureperthwestaust4818]

No they're not