The future of Tesla is in China
by Andrew J. Hawkins from The Verge - All Posts on (#6EA42)
Image: CFOTO / Future Publishing via Getty Images The road to a world with only electric vehicles doesn't run through the US. It runs through China. In China, nearly 30 percent of all car sales are EVs. In the US, it's just 7 percent. How did China so thoroughly smoke the US when it comes to EVs?
It had help from a certain American company called Tesla.
In the sixth and last episode of Land of the Giants: The Tesla Shock Wave, we explore how China took the lead in global EV sales with a lot of help from the government in the form of subsidies for lithium batteries. We also examine how China used Tesla to kick-start its own homegrown EV industry - and how it has since outgrown Elon Musk's company in many ways.
China has been the world's largest auto producer for almost two decades....