Ilaria Mazzocco and Ryan Featherston
Against the odds, electric vehicle (EV) adoption has rapidly accelerated over the past two years in several emerging and developing markets.
EVs are rapidly transforming the global $3.5 trillion automotive industry. The transformation also highlights the growing importance of China as a technology provider in emerging markets.
Through the e-mobility transition, countries are racing to meet economic and climate goals while balancing downside risks to industry and the danger of overreliance on Chinese supply chains. China is currently the world’s largest EV and EV battery producer, producing three-quarters of all EV batteries sold globally.
Every country currently crafting an automotive sector strategy must abide by its own unique blend of goals, constraints, and advantages. Emerging markets can identify their goals, such as job creation, technology transfer, or EV adoption, and then evaluate their comparative advantages and relationship with China to identify what tools are available to them. Through this process, they can maximize their climate, environmental, and economic benefits from the EV industry.
To help navigate the EV landscape, the CSIS Trustee Chair in Chinese Business and Economics conducted an in-depth study to spotlight effective approaches and lessons for success.
No comments:
Post a Comment