Hey. Brady here.
Once ridiculed, electric vehicles are now here to stay. Soon enough, they’ll become the majority of vehicles on the roads in many places.
Our reporters keep up with the EV sector in China for a couple reasons. The first is scale—it’s the largest auto market in the world, so carmakers from everywhere else want a piece of that business. But the second reason is more interesting—the country’s overall transition to EVs is an important case study for how a major economy can make the change.
And changes are afoot. EV subsidies for new buyers will be eliminated by the end of this year. Perhaps counterintuitively, this may not affect sales in the long run. After all, if you absolutely need to buy a new car, why wouldn’t you go for one that matches the new infrastructure?
Mengyuan spoke to experts who offered their outlook for China’s EV sector in 2022 and beyond. You can check out her report here.
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