What is happening: China are looking to seize control of the electric vehicle market, including trucks, cars, taxis, and buses.
China: The country are already rolling out a project to replace millions of gasoline-fuelled vehicles with EV versions. The Beijing Made In China 2025 plan has electric vehicles at the heart. They want to bring E-buses to major cities too.
Supply chain: These expansion plans are driving the EV market and supply chain in China, giving it a strong foothold in the race for electric domination. They are essentially giving themselves a head start on everyone else.
US: America are also looking to get in on the act, with Tesla developing their new heavy-duty Semi E-truck.