Part 4/10:
This scheme isn't just about financial fraud; it also raises serious safety questions. Since many of these vehicles weren't designed or built to market standards—being primarily created to exploit subsidies—corner-cutting in manufacturing becomes a significant issue. Reduced safety features, substandard materials, and inferior build quality become commonplace, posing potential hazards if these vehicles are ever operated on roads.
Furthermore, the fake sales inflate reported EV adoption figures. Companies like BYD and Gily frequently top global EV sales charts. But critics argue that these numbers are artificially inflated through such fake registration schemes, making it impossible to truly gauge the industry's health or consumer trust in these brands.