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The Prof G Pod with Scott Galloway
Why China Dominates the EV Market, How We Operate the Prof G Media Business, and How to “Rich”
Jul 10, 2024
20:36
Snipd AI
Explore why China dominates the EV market, the unique business model of Prof G Media, and advice on managing sudden wealth. Learn about China's cost advantages in the EV race, the various revenue streams of Prof G Media, and tips on personal branding and wealth management. Discover the importance of generosity and wise financial decisions in navigating newfound wealth.
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Quick takeaways
- China dominates EV market with cost advantage, investing $231B in EV industry.
- ProfG Media thrives with diverse revenue streams, prioritizing quality content for loyal audience.
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The Dominance of China in the EV Market
China has taken a significant lead in the electric vehicle (EV) market, with 60% of global EV sales accounted for by China last year. The country is projected to have one in three cars on its roads as electric by 2030. China's substantial investment of $231 billion in the EV industry from 2009 to 2023 and its cost advantage have contributed to its dominance. In comparison, the US is boosting support for EVs through regulations like the Inflation Reduction Act.
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Listen to the best highlights from the podcasts you love and dive into the full episode