China’s BEV IndustryThe International Energy Agency’s (IEA) EV Outlook documents the policies that fostered China’s BEV industry. China’s BEV Production Has Increased DramaticallyMillions of units (12-month sums) Source: China Passenger Car Association/Haver. China’s BEV Exports to Europe Have SurgedThousands of units Source: UN Comtrade. Consider Europe, which received over half of China’s BEV exports in 2022, 436,000 units. How to cite this post:Thomas Klitgaard, “Can Electric Cars Power China’s Growth?,” Federal Reserve Bank of New York Liberty Street Economics, February 28, 2024, https://libertystreeteconomics.newyorkfed.org/2024/02/can-electric-cars-power-chinas-growth/.

Source: New York Times February 28, 2024 18:04 UTC