China’s Electric Car Revolution
China has become the most powerful political force driving the globalization of electric vehicle (EV) technology. And, while natural driving forces such as dwindling fossil fuel resources and the hazards of climate change are also hastening change, these political pressures are, for now, the most effective driving factors in the electric car revolution.
Much of China’s journey toward EVs has been fueled by necessity. The Chinese government has invested vast sums of money into the industry and set aggressive pro-electric regulations because of its citizens suffering from worsening air pollution and because of the country’s overall goal of technological dominance including developments in artificial intelligence (AI).
At least one expert has asserted that all cars in China will be electric by 2030. The government is expected to ban production of fossil fuel vehicles soon. This is impressive for any country, but the automobile market in China is so vast that the nation’s policy decisions have global impact. China already makes and sells more EVs than any other country, and Chinese buyers will purchase more than three times as many EVs than American buyers in 2017 — and more than the rest of the world’s buyers altogether. And, although China taxes import cars at ten times the rate we do here in the US, Chinese buyers still purchase more General Motors (GM) cars than Americans.
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Source: FUTURISM – GAI