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>China, meanwhile, is eating our lunch This is the story - everything else is just humbug. China produces (and buys) more EVs than the rest of the world combin
by jdietrich 3y ago
>China, meanwhile, is eating our lunch
This is the story - everything else is just humbug. China produces (and buys) more EVs than the rest of the world combined. We can debate the reasons for that, but the basic fact is that the balance of power in the motor industry has drastically shifted. GM and Ford like to imagine that they're competing with Tesla, but Tesla know that their real competition is BYD.
Legacy manufacturers are pushing out FUD to try and appease their shareholders, but the reality is that the market share growth of plug-in vehicles is inexorable; the question is no longer whether battery-electric vehicles will represent a majority of new vehicle sales, but whether any of the legacy manufacturers will be left by 2040.
https://www.ev-volumes.com/ https://www.ev-volumes.com/
- pjc50 3y agoHowever, the US trade barriers against ROW car industry are very effective. Placating Big Auto is more important than allowing consumers to buy cheap cars.
- lastofthemojito 3y agoI saw a McKinsey stat that 70% of Chinese car buyers are first-time buyers. That's pretty insane - to many/most Chinese folks, driving EVs is just the normal way things work, they're not set in their ways like Americans who have owned several ICE cars and now see EVs as a change.