China has emerged as the leading global producer of electric vehicles, shocking others in the field.
The reason for this surprise success was long-term investment from the Chinese Communist Party, which took a gamble in the early 2000s. With the help of generous government subsidies, the eschewing of regulations, and a fair bit of luck, China has emerged as one of the masters of EVs internationally, stoking fears in the United States that its dominance could crater its domestic EV industry.
The saga began in the early 2000s, according to the Massachusetts Institute of Technology Technology Review, when China realized its inability to compete in the internal combustion engine and hybrid markets.
“They realized … that they would never overtake the U.S., German, and Japanese
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