China is aggressively expanding its electric vehicle industry, with the aim of becoming a leader in the global automotive market.
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China produces as many electric vehicles as the rest of the world combined, the result of aggressive government policies to boost EV demand and manufacturing.
The push to electrify is part of China’s broader effort to control air pollution in its cities, where car ownership has risen dramatically. In a concerted effort, the government has invested heavily in the development of EV technologies, established sales quotas, and offered incentives to make EVs affordable. Today, China has also become the world’s dominant maker of EV batteries, the most valuable component in any electric car, and its global automotive ambitions have grown.
John Paul MacDuffie of the Wharton School of Business takes a closer look at the ambitious environmental and industrial policies that have enabled the growth of China’s electric vehicle industry. He also discusses how China’s EV manufacturing scale, rooted in environmental policies, might upend traditional hierarchies in the global automotive industry.
John Paul MacDuffie is Professor at the University of Pennsylvania’s Wharton School of Business and Director of the Program on Vehicle and Mobility Innovation, a global automotive research consortium.
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