CleanTechnica•about 1 month ago
EV Price War Over In China?
- •A prolonged EV price war in China has led to enormous sales growth, indicating a significant and accelerating shift towards electric vehicles.
- •This rapid EV adoption implies a substantial increase in future electricity demand, impacting grid planning, capacity requirements, and potential for new generation projects for developers and IPPs.
- •The competitive pricing environment suggests that EV adoption rates could continue to outpace expectations, further accelerating the energy transition and influencing emissions targets.
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