Part 11/13:
He expressed concern that current government investments, such as the $7 billion allocated in the Inflation Reduction Act, are insufficient relative to what is truly required. Implementing a comprehensive EV charging infrastructure nationwide will necessitate far greater funding and innovation.
Global Market Insights: The Rise of China’s EV Industry
The analyst provided an in-depth look at China’s commanding position in EV sales and manufacturing. China accounts for approximately 60% of global EV sales and is rapidly becoming the dominant exporter of EVs worldwide. The country’s control over raw material processing—particularly in refining critical minerals—confers a strategic advantage in the global race.