2min snip

Catalyst with Shayle Kann cover image

Demystifying the Chinese EV market

Catalyst with Shayle Kann

NOTE

Economic and Infrastructure Factors Driving EV Adoption

Electricity in China is relatively cheap compared to America but more expensive than petrol. The lower cost of charging EVs compared to gas-powered vehicles is a key driver for EV adoption. Grid infrastructure in the US is a barrier to EV adoption, with a significant lag in infrastructure development compared to China. China's rapid deployment of chargers and vehicles has outpaced the US. Charging stations in the US are integrating solar panels and energy storage systems to alleviate grid concerns.

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