,” citing another report, this one by Citic Securities research, that China’s car exports might hit 5.5 million units by 2030, 2.5 million of which would be EVs.
Among the many hegemonies America has lost over the years, the humbling of its automotive industry — both economically and geopolitically — stands tallest North America, of course, has not yet been invaded by Chinese EVs. Or, at least, not by Chinese-built and -branded electric vehicles . That’s not to say that American automakers and politicians aren’t worried about Chinese EVs flooding the market. Indeed, one of the last acts of the U.S.
Indeed, while the first Democratic attempt at promoting EVs — the poorly crafted and ultimately rejected Build Back Better plan — was simply pro-union, the IRA is pure we-can’t-keep-up-with-China protectionism. Yes, officially it’s being promoted as an environmental bill, but any sentient human being who’s read all its 730 pages understands it as exactly what it is: an emphatic middle-finger salute to China’s manufacturing imperialism, electric vehicles front and centre.
In the end, if China’s latest shenanigans — the surveillance, the computer hacking, and even all the sabre-rattling directed at Taiwan — really is about “containing” U.S. interests, Xi Jinping doesn’t need guns or balloons. He just needs to flood North American with high-quality, well-built, affordable EVs. Japan has already proved that’s the best way to poke the American juggernaut.
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