quot; he says. “We have focused on research and development to create competitive products that consumers want.”
Despite the challenges in the European and American markets, some analysts believe that the tide will eventually turn in favor of electric vehicles. As technology improves, costs decrease, and infrastructure expands, more consumers may be willing to make the switch.
In the meantime, carmakers and governments will need to work together to find the right balance of incentives, infrastructure development, and consumer education to drive the adoption of electric vehicles. The example set by China’s successful industrial strategy could provide valuable lessons for other countries looking to transition to a greener automotive industry.