Global EV Market

Host : The global electric vehicle market is heating up, and China wants to dominate. Speaker 2: Increasingly more and more analysts expect China to be a leader in EV production, partly because it has the largest automobile market in the world, and then it has all these government policies to support consumers to buy EVs. Host : The Chinese government has invested at least $60 billion to support the EV industry, and it's pushing an ambitious plan to transition to all electric or hybrid cars by 2035. Speaker 2: They have an all-of-society approach to winning and dominating the electric vehicle market globally. Host : In twenty twenty, EV sales in the U.S. were far below Europe and China. Out of the three point twenty four million electric car sold, only three hundred and twenty eight thousand were in the U.S., one point thirty three million were sold in China, and one point thirty nine million were sold in Europe. Speaker 2: And as we go to twenty twenty five, China will pull away from everyone else, accounting for at least half of total global vehicle sales.