And what it means for US climate goals.
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The Biden administration set a climate goal that 50 percent of all new car sales in the US would be electric by 2030. Meanwhile, China reached that milestone this year, in 2024. This video explains how China was able to fast-track EV adoption and develop an EV battery that rivals what any other country has been able to do so far. It’s been a decade of government strategies that have created some of the biggest battery companies in the world, like CATL and BYD.
The Biden administration wants to keep Chinese cars and batteries out of the country — but our video explains what kind of position that puts the US in in terms of meeting its own climate goals.
Sources and further reading:
https://www.vox.com/climate/2024/3/4/24087919/biden-tariff-chinese-ev-byd-battery-detroit
https://www.technologyreview.com/2023/02/21/1068880/how-did-china-dominate-electric-cars-policy/
https://www.nytimes.com/2024/05/27/business/biden-evs.html
https://www.nytimes.com/interactive/2023/05/16/business/china-ev-battery.html
https://www.bloomberg.com/news/articles/2023-09-14/from-cheap-money-to-tax-breaks-evs-in-china-get-a-lot-of-love?embedded-checkout=true&sref=qYiz2hd0
https://www.iea.org/reports/global-critical-minerals-outlook-2024
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