The recent surge in fuel prices due to the war in Iran has spurred demand for electric vehicles around the world, and Chinese car makers are making the most of the opportunity.
The recent surge in fuel prices due to the war in Iran has spurred demand for electric vehicles around the world, and Chinese car makers are making the most of the opportunity.
They sell a lot of EVs because of laws. China did not make EVs voluntary in large cities.
Indeed, environmental regulations have played a pivotal role in the development of Chinese EV market, no doubt here.
In some cities, ICE cars are borderline unusable since you can’t even drive them at will any day you want - assuming you can even get a license plate in the first place.
What I meant was that international pressure on the demand side is not as scary for Chinese companies as it is for many other places.