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Andy Palmer, the "Godfather of EVs," explains how China took the lead in the electric car race. Ex-Nissan COO Palmer got the moniker after developing the Leaf, the world's first mass-market EV.
The electric vehicle market could get a huge influx of cheaper cars — but not fresh from the factory. In its latest EV intelligence report, consumer research firm J.D. Power projects that a ...
Chinese electric vehicles that cost as little as $12,000 could supercharge the green energy transition, but might kill the American auto industry in the process.
Annual sales of plug-in passenger cars in the world's top country and regional markets between 2011 and 2023 Plug-in electric cars in use as a proportion of all passenger cars on the road in selected countries and regional markets at the end of 2023 Countries with the world's highest market share in the plug-in electric car segment in 2023 ...
Some foreign carmakers are deciding to partner with local EV companies to get a foothold in the fast-growing EV market. In addition to VW's investment in Xpeng, Stellantis—the company behind ...
The plug-in market in China was dominated by Chinese companies, with BYD Auto and SAIC Motor occupying the top two spots, and 5 out of the top 7 spots. [5] The battery industry is closely related to the EV industry as batteries constitute around 1/3 of the cost of EVs [6] and around 80% of lithium-ion batteries in the world are used in EVs. [7]
China has 48% of the world's reserves of rare-earth elements, [41] the United States has 13%, and Russia, Australia, and Canada have significant deposits. Until the 1980s, the U.S. led the world in rare-earth production, but since the mid-1990s China has controlled the world market for these elements.
Thailand’s tax rebates for EVs make the country an attractive market, says GAC Aion Thailand’s spokesperson. Other nations are also offering tax rebates for EVs, which should further drive demand.