China's EV success isn't all about subsidies, it's time rivals compete

Quick Summary:

There’s plenty of these sloshing around in the Chinese economy, but that doesn’t mean they’re going to carmakers.

At the same time, though, a hasty reading of their conclusions has helped contribute to a sort of folk mythology now common among executives, analysts and policymakers: that China’s manufacturing prowess is purely a matter of rubbery state money.

In its start-up stage, China’s EV industry certainly benefited from the support that every large economy has been (rightly) offering to clean technology as the world attempts to head off climate change.

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Article Details

Category: BusinessFinance

Markets: IndiaChinaMexico

Topics: Chinese EV Cars Electric vehicles Chinese electric vehicles Carmakers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 08:17:48 (23 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 977 words

Reading Time: 6 minutes read

Sentences: 41 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23387528

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