Backward American Capitalism Is Getting Electrical Vehicles All Wrong

01 Jan 2026 | Abstracted from Common Dreams

China's EV success stems from state-led industrial policy, not Silicon Valley-style capitalism. Juan Cole argues U.S. reliance on market forces and fossil fuel interests has hindered EV adoption, while China's strategic planning, subsidies, and infrastructure investment enabled rapid growth. BYD's rise is likened to Ford's Model T moment, challenging American exceptionalism and exposing flaws in deregulated capitalism.

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