The future of EV will not depend on what happens in California but on the decisions made in China.
There are some 3mln electric vehicles worldwide, about two-thirds
of which are made and used in China. Production of electric and other non-petrol vehicles in China rose to 500,000 in the first half of 2018. Bain has predicted penetration of battery-powered electric vehicles in China to reach 18 percent in 2025, and likely top 70 percent by 2040.
China's battery sector supplies the majority of all battery production and is a leader in the technology involved.
There are currently 393 companies that make electric vehicles or electric-vehicle parts in China. At least 55 of them have licenses to assemble and sell passenger cars under their own name or for other brands.
China already sells most EVs in the world, and it's likely to maintain its hold at the top for the foreseeable future.What it means for Charge.Cars:
Concern: President Trump is proclaiming sanctions against China.
- China's model is to copy the design of the Western cars and create their cheaper versions for the local market. This production cannot compete outside China with Charge.
- It is recommended to follow closely the EV market in China, its trends that will affect the global market.