China's Lead In Electric Vehicles Is "Unassailable" - the Global North Simply Can't Compete

11 May 2023 | Abstracted from SCMP

"The EV industry is probably the first major modern industry that China is leading, similar to Japan’s leadership in electronics in the 1980s...Global North will find it very hard to compete against the rise in Chinese EVs. Their policy is still mainly to subsidize the buying of uneconomic EVs against the ICE alternatives. Their EV supply chains are incomplete and costly."

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