China dominates the electric vehicle industry, with its brands responsible for about two-thirds of global sales in 2024, although none of those sales were in the U.S.
China loves electric cars: making them, driving them and selling them to the rest of the world.
Electric vehicles have been widely adopted in China, thanks in part to years of now-defunct government subsidies and a fast-growing network of charging stations. According to the International Energy Agency, almost half of the cars sold in China in 2024 were electric, compared with about 1 in 10 in the U.S.
But despite growing global interest in the innovative sector, Chinese electric cars remain out of reach for consumers in the world’s second-largest auto market, the United States.
I see… So the American companies like Apple, Nike, all major clothing brands etc that make use of the very same somehow aren’t able to bring their prices down? I fail to believe “quality control” is enough to justify it.
Both Apple and Nike are made in China.
I’m just explaining why domestic production of junk in EU and USA is usually more expensive than similar functioning junk from China.