Most of the world’s top carmakers now want to make electric vehicles (EVs) the mode of transport to choose. The Washington Times reported that a race has begun for EV dominance and the newspaper suggests that this trend could firmly put China in the driving seat because the country is the world’s largest car market.
Peter Morici, an economist and business professor at the University of Maryland claims the Chinese have also created “savvy government policies”. So with Trump repealing Obama-era legislation such as the $7,500 (£6,352) tax credit, which helped to stoke up consumer demand for electric vehicles, it’s widely thought that the advantage goes to China.
Speaking about the repeal of the tax credit by the Trump administration in the US, Sahand Malek, Strategy consultant, Ptolemus Consulting Group. Comments: “For consumers to consider switching from traditional powered engines to all-electric and plug-in hybrid car, the US federal income tax credit is a great motivation.” However, the oil industry’s lobby is quite strong in the US and, to a certain extent, it views electrification as a threat to its existence. After all, the key focus of any support is EVs on the reduction of harmful emissions from diesel and petrol engines…
But is the the technology self-limiting? Find out, read the complete article.
Published by TU Automotive magazine on 9th February 2018. Author: Graham Jarvis


Leave a comment