businessinsider.in
China, with the help of government subsidies, has led the world in producing and selling EVs. Chinese companies have focused on reducing the cost of EV batteries over their performance.There’s been a clear winner in the global EV race so far: China. The world’s second-largest economy accounted for about 64% of total production volume in 2022, the World Economic Forum found, with government subsidies and tax breaks aiding production. China is also one of the biggest producers of the LFP — lithium…
about 2 years ago