Korean media: "The technological progress shown by BYD is enviable!" On April 9th, South Korean media The Herald Economy published an article stating that according to the Korea Institute of Energy Research's "Top Ten Key Topics for Clean Transportation in 2025," this year, electric vehicles will account for 27% of global car sales, reaching 22 million units. This means that one quarter of the cars sold this year will be electric vehicles, but the factors attracting consumers vary from country to country. Firstly, as China is the largest supply and sales market for electric vehicles globally, thanks to low vehicle prices and government policy support, it is expected to account for 65% of global electric vehicle sales this year. In fact, BYD has surpassed Tesla to become the world's largest electric vehicle manufacturer, and the government has provided strong support with various incentive measures. With the EU strengthening greenhouse gas regulations for vehicles, vehicle manufacturers must increase the production of electric vehicles. Due to the strengthened environmental regulations, by 2025, vehicle greenhouse gas emissions must decrease by 15% compared to 2021, and by 37.5% by 2030. Fines will be imposed on excess emissions, so there is no choice but to expand the production and sales of electric vehicles to offset this. With President Trump potentially revoking the Biden administration's electric vehicle tax credit, due to buyers wanting to purchase cars before incentives disappear, it is expected that U.S. electric vehicle consumption will grow by 27.9%. In South Korea, affected by policies such as a 30% reduction in personal passenger vehicle consumption tax in the first half of the year and the early implementation of zero-emission vehicle subsidies, electric vehicle sales in January and February increased by 204%. Although the popularity of electric vehicles is increasing worldwide, so far, policies from various countries, such as government purchasing support and penalties for automobile manufacturers, still have absolute influence. However, recent actions by China's BYD, the world's largest electric vehicle company, indicate that if vehicle price competitiveness and charging convenience are ensured, it is possible to expand supply through consumer choice without government support or environmental regulatory pressure. After ensuring vehicle price competitiveness, BYD recently introduced innovative technology allowing a 400-kilometer range after a 5-minute charge, which is evaluated as being able to solve the inconvenience of charging. This is enviable because China's BYD is demonstrating a technological advancement that can make electric vehicles a consumer choice even without government support. Original article: https://www.toutiao.com/article/1828891514948747/ Disclaimer: This article solely represents the author's personal views.