Why China Is Beating The U.S. In Electric Vehicles

Flip_flop_politics
Published on Mar 30, 2021
The global electric vehicle market is heating up and China wants to dominate. The countryÂ has invested at least $60 billionÂ to support the EV industry and itâ€™s pushing an ambitious plan toÂ transition to all electric or hybrid cars by 2035.Â Tesla entered the Chinese market in 2019 and has seen rapid growth.

China sold roughly one million more EVs than the U.S. in 2020. But there are signs the U.S. is getting more serious about going electric. President Joe Biden announced a goal to reach net-zero emissions by 2050 andÂ investments in green infrastructure.Â Watch the video to find out how China came to dominate the market and whether itâ€™s too late for the U.S. to catch up.

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Why China Is Beating The U.S. In Electric Vehicles

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