America’s EV Pullback Hands China Global Market Power
Key Points China becomes the world’s largest vehicle exporter (2023):This milestone was driven by explosive EV growth. Chinese automakers, backed by government subsidies and integrated supply chains, rapidly scaled production and pushed exports into Europe, South America, and emerging markets. U.S. automakers retreat from EVs:Ford, GM, and Stellantis are shifting focus back to gas-powered trucks … Read more