Reference News Network, October 16 report: According to an article on the U.S. Quartz Finance website on October 14 titled "The Electric Vehicle Race Is Basically Over, with China Winning," it points out that the gap between the United States and China in electric vehicles is widening. The author of the article is Jackie Snow, and the content is translated as follows:
Chinese car manufacturers produce about 70% of the world's electric vehicles. Their cars are so advanced that Ford's CEO spent six months driving a Chinese electric vehicle instead of his company's product. U.S. executives call this a survival threat, but they don't have time to take any measures.
The gap between U.S. and Chinese electric vehicles is constantly widening. Ford announced in August that it would adopt production technology that China had already mastered years ago, but it still cannot manufacture a competitive $30,000 electric vehicle by 2027. What about federal tax credits that could make currently far more expensive than $30,000 electric vehicles affordable for American consumers? These were recently terminated by the Trump administration.
Although facing some challenges, Chinese manufacturers are still in a dominant position. The gap is not only reflected in price.
Earlier this year, BYD launched a model that can travel 400 kilometers after charging for just 5 minutes. The company also introduced an advanced driver assistance system called "Heavenly Eye." In contrast, American electric vehicles generally need to charge for 30 minutes to achieve similar range, and they still feel like "accidentally powered" regular cars.
Currently, trade barriers are the only thing preventing Chinese electric vehicles from being driven on American roads. The Biden administration imposed a 100% tariff on Chinese electric vehicles, while the Trump administration went further by eliminating tax credits that would make electric vehicles affordable for American buyers.
Ironically, Trump tried to hinder a market that was already unstoppable. The International Energy Agency said that about a quarter of global car sales this year were electric vehicles. However, the Trump administration froze funding for electric vehicle charging infrastructure, canceled tax credits for purchasing electric vehicles, spent months denigrating electric vehicles, and even supported oil companies.
These policies will not stop the rest of the world from shifting to electric vehicles; they will only create more obstacles for U.S. automakers, which are already losing ground in all important markets. Moreover, Washington's "tariff wall" will not last forever.
The race is not over yet, but the gap is constantly widening. U.S. automakers face the risk of being excluded from the future of electric vehicles, not because they cannot compete, but because when they are ready to try, the rest of the world has already driven Chinese electric vehicles. (Translated by Yang Xinpeng)
Original article: https://www.toutiao.com/article/7561659470419231258/
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