Financial Times: Why the future of electric cars lies in China
If you read very carefully, China is doing this because of pollution and Oil imports which are causing severe problems for China.
So, yes, they will push their population to EV's.
However if you read carefully, many of the products would struggle to sell in the western world anyway. less than 90 mile battery life being a large chunk of the market.
Then, if you look, China has only 10% of its population as car owners and most of those own ICE's. They may have a 1.2bn population but only about 350m have the capacity to buy EV's of any kind and, today, ownership is around 120m.
The US and EU, together, total nearly 900 million people and car ownership in those countries is closer to 50% than 10%. In fact the US is much higher, total vehicles are over 90% although the personal transport will be lower.
Tesla is moving to China due to this growth market. Why wouldn't they? It is a huge market. But the rest of the world is, by comparison, significantly larger at this time.
Whilst the premise of the article is correct, in theory, the numbers don't, yet, add up. China is known for rapidly ramping up businesses based on government subsidies. The number of bankruptcies which follow are, correspondingly, high.
The only reason this would come true is that the Western manufacturers let them by not really trying to compete.
Tesla, on the other hand, is competing robustly.
