The electric vehicle (“EV”) sector is poised to disrupt and eventually take over the century-old automotive industry. Several countries have set ambitious green-energy targets in a bid to reduce their reliance on fossil fuels and cut down carbon emissions, and electric vehicles are at the forefront of these noble efforts. How these countries are working to achieve these long-term goals differs greatly, but in only a few short years, China has managed to create a massive electric vehicle sector from scratch that has barely any equals.
How has China achieved this feat in barely a decade? By pouring billions of dollars into EV startups, software, and technology firms and heavily subsidizing electric vehicle purchases. The United States, which is also striving to create an electric vehicle ecosystem…
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