Name: 中国为什么要打败美国电动汽车（Why China Is Beating The U.S. In Electric Vehicles）
Uploaded: 2021-05-14T14:06:10.000Z
Duration: 16 min 55 s
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The global electric vehicle market is heating up and China wants to dominate.

轉承詞

Increasingly more and more analysts expect China to be a leader in EV production, partly because it has the largest automobile market in the

world, and then it has all these government policies to support consumers to buy EVs.

The Chinese government has invested at least 60 billion dollars to support the EV industry, and it's pushing an ambitious plan to transition to all

They have an all of society approach to winning and dominating the electric vehicle market globally.

Out of the 3.24 million electric car sold, only 328,000 were in the U.S.

, 1.33 million were sold in China and 1.39 million were sold in Europe.

And as we go to 2025, China will pull away from everyone else, accounting for at least half of total global vehicle sales.

Despite the pandemic, deliveries of EV's grew year over year in 2020 by 43 percent globally, the U.S.

is getting more serious about going electric.

commitment to fighting climate change with a goal to reach net zero emissions by 2050.

He's also announced investments in green infrastructure, including adding an additional 500,000 charging stations in a move that came as a surprise

to many. General Motors, one of the largest automakers in the U.S., announced plans to exclusively offer electric vehicles by 2035.

Carl, let me give you some perspective on GM's global sales.

Last year, the company sold about 6.6 million vehicles worldwide.

Take a guess how many were fully electric?

U.S. seems to be a kind of the young reluctant colt saying, well, we'll get around to it, but what's the hurry?

Let's take a look at how China came to control the market.

The country decided over a decade ago that it wanted to be the world leader in electric cars.

The industry in China is one that has been very interesting to me because it's an example of how government policy

can potentially drive innovation in an industry.

China is betting big on electric vehicles for several reasons.

First, they've always been a follower in traditional vehicles and they wanted to find a way to catch up technologically and not be dependent on

Also, they have a significant air pollution problem and they're also the world's largest importer of oil.

China is the world's biggest emitter of greenhouse gases and has pledged to be carbon neutral by 2060.

In an effort to support the adoption of EVs, the Chinese government has played a massive role.

It has spent tens of billions of dollars to support the sales of electric vehicles.

It's no secret that without regulation, without rules, without subsidies, electric vehicles would have never gotten off the ground.

Whether it's in California, in China or in Europe, it's been the government pushing the electric vehicle future.

China has been the most aggressive in this regard.

China has subsidies and incentives that benefit automakers, suppliers and consumers.

for example, in Beijing, you can only have access to the city center in a car if you're driving an electric vehicle.

Elsewhere in Shanghai, there's an incentive if you buy a gasoline powered car, you must, first of all, pay $12,000 for the license plate

Now, if you buy an EV, they waive that licensing fee, you get it for free, you save $12,000.

And then even in cities that are not restricted, the registration wise, they kind of restrict your access to the road.

You can only if you drive a ICE car, you can only go onto the street between a certain time and a certain time and perhaps certain

And I CE is short for internal combustion engine.

China also has a quota system for manufacturers, they must produce a certain percentage of electric vehicles every year or they're fined.

But some question if this is sustainable.

In 2019, after the government cut back on some incentives, sales fell and the shares of EVs overall dropped from eight percent in mid-2019 to five

the only way to sell EV's so far has been through subsidies, whether it's state or federal.

What we haven't seen is organic demand really outside of incentives or early adopters.

The amount of funding that has been poured into the industry, it's mind boggling.

It is thirty three percent of all sales, not thirty three percent of profits, but thirty three percent of all sales.

And some think with the introduction of more luxury brands like Tesla, consumers can eventually be weaned off them.

I think the perception is that China is winning the electric vehicle race because there's so many subsidies in place, but if we look closer,

something happened in 2020 that shifted the picture.

When Tesla arrived in the market and other EV startups like Nio and Xpeng began to deliver highly desirable, good looking,

Chinese customers for the first time said we don't need subsidies to make the decision to buy this electric car.

In the US, there is a $7,500 tax credit available, but not all cars are eligible and the incentive goes away if the automaker sells more than two

Democrats have introduced a new bill to expand the credit for automakers who have hit the threshold and have extended the limit to 400,000 cars for

For example, Tesla doesn't break out deliveries by region, but it delivered almost 500,000 cars last year during the pandemic.

The Biden administration here in the U.S.

seems much more open to expanding, if not providing additional incentives for the EV market as well as the infrastructure buildout, which is one

China has been very supportive of the EV infrastructure and EV companies for years, and we've seen it in their EV sales and almost same thing with

Europe. There's no question that all of this move to electric globally would not have really gotten traction without China

first mandating that electric would be part of its future and as the largest vehicle market in the world, that has a global impact.

Primary barrier for consumers to buy electric vehicles is the cost, and batteries represent the bulk of the cost of the electric

China's government also provides support and battery manufacturing and the supply chain.

It's the leading producer of electric batteries and motors.

Battery production around the world is concentrated in Northeast Asia.

Together, they account for about 95 percent of total battery production for vehicles.

Now within that ninety five percent, China has more than 60 percent at this point.

So it's clearly the leader in terms of battery production capabilities.

And analysts are basically across the board saying that China has control of the chemicals, the production facilities

that are needed for electric vehicle battery production for the next probably five to 10 years.

So there's actually some groups in the U.S.

who are also raising this as a concern if the future of mobility is going to be electric.

Other than Tesla, battery manufacturing in the U.S.

is almost nonexistent, General Motors and others have announced plans or initiatives to kind of enter the market.

GM has a 2.3 billion dollar investment right now with LG Chem.

They're building a plant in Ohio and that plan is set to open, be finished in 2020 too.

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中国为什么要打败美国电动汽车（Why China Is Beating The U.S. In Electric Vehicles）

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