Headshots of leaders in the electric vehicle industry: Peter Carlsson, Birgitte Keulen, Avinash Rugoobur, and Anders Bergtoft

Summary List Placement

China has been the dominant force in electric vehicles.

Beijing has invested more than $60 billion to ensure the country is well set up to manage the shift away from internal combustion engines.

The country has set the tough goal of banning the sale of fossil-fueled vehicles by 2035. Currently, around 6.3% of new car sales in China are made up of electric models, with the country intent on pushing that figure to 35% by 2025, according to data from Canalys.

To underpin this revolution, Beijing has installed around 800,000 public charging points. The US and Europe boast around 100,000 and 225,000 respectively.

China’s early and convincing plays around electric vehicles undoubtedly played a role in convincing Elon Musk’s Tesla to open a Gigafactory in Shanghai. Giga Shanghai was set up to produce low-cost Model 3 and Model Y saloons, two of the world’s most popular electric cars.

Despite traditional manufacturers like BMW, Audi, and Ford all scrambling to ready their businesses for the pivot away from fossil fuels, Tesla’s retains a tight grip on the market.

Musk’s firm accounts for just under a fifth of all new electric cars sold globally, per figures from EV Sales. Germany’s Volkswagen is some way …read more

Source:: Businessinsider – Technology

      

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