China's electric vehicle (EV) makers are on track to capture a 33% global market share by 2030, up from a forecasted 21% for this year, according to CNBC. This significant growth underscores the success of China's strategic industrial policies, which emphasize fostering an innovative environment rather than relying solely on subsidies. Experts from CSIS note that the countries dominating the global EV market will be those where governments actively support innovation. The rise of Chinese EV carmakers offers valuable lessons for other nations on the effectiveness of strategic policy in driving industry growth.
How China’s Electric Carmakers Rose to Global Dominance - Bloomberg https://t.co/75Vtg9q7TY
The rise of China’s EV carmakers, which are rapidly taking over the world despite Western politicians’ efforts to block them, holds lessons for other countries Subsidies aren’t always the magic bullet other nations claim...in tech sector, almost never.. https://t.co/DhM37wkO6s
Chinese automakers expected to achieve 33% global market share by 2030 - CNBC https://t.co/n1afdEfFiH
📣 JUST IN: Chinese Automakers to Capture 33% Global Market Share by 2030 - CNBC $TSLA $NIO $XPEV $LI $PSNY $BYDDY 👉 Key Highlights: 📍 Chinese automakers expected to reach 33% global market share by 2030. 📍 Current market share forecasted at 21% for this year. 📍 Sales… https://t.co/u4HNkWn007
Who will dominate the global EV market? @KennedyCSIS & @mazzocco_ilaria note the winners will be those in countries where “governments foster an innovative environment.” China's success shows how strategic policy can drive industry, but the key is not just subsidies. Read here: https://t.co/G5drxCVRuu
The unique rise of China’s electric vehicle makers holds lessons for other countries about how industrial policy can succeed. https://t.co/E5N52eLbWx