CHINA’S position atop the global electric vehicle (EV) throne seems unassailable – at least for the next few years. This will be especially true in the Asia-Pacific region, which is forecast to be the world’s largest market for EVs and poses fewer trade roadblocks.
The country’s regional EV hegemony is the result of an ambitious long play that has left traditional automotive giants behind – as well as its focus on smaller models, which dovetails with Asian consumers’ taste in cars.
Even as traditional rivals get on the bandwagon, it could be years before the EV playing field is levelled.
