Business Standard

Can electric cars make China the new Detroit? Chances are high

Volkswagen AG intends to spend 70 billion euros ($81 billion), most of which is the cost of batteries, to offer electric versions of all its models by 2030

There's a better answer than electric cars
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Bloomberg
Around the globe, automakers and governments are making big plans for electric vehicles, lining up billions of dollars for the investments needed to replace the world’s carbon-burning cars and trucks. But there’s one place that stands out for the number of EVs actually hitting the road: China, where the government has put its might behind establishing the country as a leader in this revolution. The result might not only be cleaner air, but a reshaped global auto industry.
 
What’s happening in China?
 

Sales of new energy vehicles (NEVs), a broader category that includes plug-in hybrids, rose by about

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