For the first time in its history, the Asian giant has become the world’s largest exporter of automobiles, overtaking Japan. It is doing so with electric vehicles boosted by state aid and the country’s dominance over battery manufacturing resources
The article might be biased but there is a kernel of truth in it, in Germany they are slowly starting to panic that they missed the boat on EVs. 20% of their economy is directly or indirectly dependent on the car industry, thus far they spend most of their efforts lobbying against any regulation disincentivizing combustion engines in Germany and the EU. German politics should have had the foresight that if Germany wasn’t gonna make EVs someone else would.
The article might be biased but there is a kernel of truth in it, in Germany they are slowly starting to panic that they missed the boat on EVs. 20% of their economy is directly or indirectly dependent on the car industry, thus far they spend most of their efforts lobbying against any regulation disincentivizing combustion engines in Germany and the EU. German politics should have had the foresight that if Germany wasn’t gonna make EVs someone else would.