While electric vehicles only accounted for 2.6% of global car sales last year, this is an all-time high for the industry. It's been growing steadily at a rate of about 40% each year, so don't count the EV market as a lost cause yet!
China EV Industry Overview
Since electric vehicles made their way on to the scene in the 90s, they've integrated into the larger Chinese economy pretty easily. This makes sense since the vehicles are energy-efficient, inexpensive, and easy to operate. They also reduce air pollution from oil, which China struggles with.
China is the single most popular EV manufacturing nation in the world. In fact, in 2018 they were responsible for making over half of the world's electric cars. They also manufactured 99% of the world's electric buses. These electric vehicles are sold all around the world and bring in untold amounts of money for the Chinese economy.
This, of course, means that China was doing really well in the 2018 EV international marketplace. But i...
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