China has become the global leader in the electric vehicle and EV battery industries, both as the top producer and an innovator, according to a new report from the Information Technology and Innovation Foundation.
The report highlights China’s production, innovation and product quality advancements, which now rival its Western counterparts. It further recommends the U.S. adopt proactive policies to regain leadership in the industry that’s critical to a green energy transition.
“America’s at risk of losing this industry — or at least losing the EV competitiveness — and we need effective public and private investment to make sure that doesn’t happen,” Stephen Ezell, the report’s author and vice president of global innovation policy at ITIF, said in an interview.
“The most staggering thing is that in 1985, China manufactured a grand total of 5,200 passenger vehicles. This year, they’re going to do 26.8 million, which is 21 percent of global production,” he added.
