October 2024
Beginner to intermediate
208 pages
2h 46m
English
by Chengyi Lin
When it comes to the electric vehicle (EV) market, China is leading the charge ahead of traditional automotive juggernauts like Germany and Japan. China’s new EV sales increased by 82% in 2022, accounting for nearly 60% of global EV purchases. This greatly surpasses that of the United States, Norway, and other Scandinavian nations that were early adopters of EVs.
According to a report by the International Energy Agency, more than half of the electric cars on roads worldwide are found in China. The country was also responsible for 35% of global EV exports in 2022. In fact, Chinese automaker BYD sold more electric vehicles than Tesla in Q4 2023.
How did China get to ...
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