The China Electric Vehicle Wars of 2023 and 2024, Then the World.
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The Chinese government has extended the incentives for the purchase of electric vehicles (EVs) until the end of 2023. As my colleague Anastasia Ufimtseva and I detailed (Energy Policy 2021), the replacement of internal combustion engine (ICE) vehicles with EVs fulfils a number of strategic objectives for China. Most importantly, it will help remove the Chinese dependence upon the imported seaborne oil that is one of its greatest Achille’s heals in a conflict with the US. The greater the fleet of Chinese EV’s (including high mileage electric buses, taxis and local delivery vehicles), when combined with China’s extensive network of electrified trains and subways, the easier it will be for China to rely upon its domestic oil production (together with its strategic oil reserves) and overland supplies from allied nations such as Russia. China is also well on the way to becoming a dominant global player in “green” technologies and has an increasing number of major EV producers such as BYD (also a major supplier of EV batteries) and SAIC-SGW.
The China Electric Vehicle Wars of 2023 and 2024, Then the World.
The China Electric Vehicle Wars of 2023 and…
The China Electric Vehicle Wars of 2023 and 2024, Then the World.
The Chinese government has extended the incentives for the purchase of electric vehicles (EVs) until the end of 2023. As my colleague Anastasia Ufimtseva and I detailed (Energy Policy 2021), the replacement of internal combustion engine (ICE) vehicles with EVs fulfils a number of strategic objectives for China. Most importantly, it will help remove the Chinese dependence upon the imported seaborne oil that is one of its greatest Achille’s heals in a conflict with the US. The greater the fleet of Chinese EV’s (including high mileage electric buses, taxis and local delivery vehicles), when combined with China’s extensive network of electrified trains and subways, the easier it will be for China to rely upon its domestic oil production (together with its strategic oil reserves) and overland supplies from allied nations such as Russia. China is also well on the way to becoming a dominant global player in “green” technologies and has an increasing number of major EV producers such as BYD (also a major supplier of EV batteries) and SAIC-SGW.