Matthew Shaer in the New York Times:
According to the International Energy Agency, a Paris-based policy group, one of every four vehicles sold globally in 2025 was battery-powered. Analysts with Bloomberg have predicted that in the next decade, that number will more than double, putting gas-powered cars — for the first time ever — in the minority of overall new vehicle sales. Overseas, Asian and European manufacturers have spent years preparing for this eventuality, dumping billions into the development of battery technology. With predictable results: China now makes 75 percent of all E.V.s sold anywhere on earth. (The United States makes around 5 percent.) Many of those vehicles are produced by BYD, a Chinese company that recently became the largest manufacturer of battery-powered cars in the world.
“Already, the technological gap is getting dangerously wide,” says Stephen Ezell, a senior economist with the Information Technology and Innovation Foundation, or I.T.I.F., a Washington-based nonprofit.
More here.
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