
The U.S. and China Should Compete on This
If you are in the market for an electric vehicle today, there’s a good chance you’ll buy a Tesla.
Fast forward a couple of years, and this may no longer be true. Traditional automakers like General Motors and Toyota — as well as a slew of Chinese companies like BYD, Nio, Xpeng and Li Auto — are making their own electric models available to U.S. consumers.
Indeed, as the rapidly growing market for electric cars surpasses 500 manufacturers, cross-border competition is only getting fiercer. Although Tesla’s U.S. market share of all-electric vehicles was 79 percent in 2020, it may drop to 56 percent by the end of the year.… Seguir leyendo »