Is China winning the electric car race?

China now sells more electric cars than conventional ones within its territory. Western countries seem determined to stop them from crossing their borders. Why?

Electric car charging piles
(Image credit: Costfoto/NurPhoto via Getty Images)

China passed a milestone in the green revolution last month when sales of electric vehicles (EVs) and hybrids surpassed those of internal combustion engine cars for the first time. Retail sales of “new-energy” cars – the umbrella term used in China for EVs and hybrids – made up 51.1% of all sales in July, a giant leap from just 7% three years ago. The landmark follows a continuing surge in the popularity of EVs in China over the past year, even as growth in other key markets, including the US and Europe, has slowed. The number of “new-energy” cars sold last month in China, 878,000, was 37% higher year on year; sales of conventional cars fell 26% to 840,000.

The global electric car market 

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Simon Wilson’s first career was in book publishing, as an economics editor at Routledge, and as a publisher of non-fiction at Random House, specialising in popular business and management books. While there, he published Customers.com, a bestselling classic of the early days of e-commerce, and The Money or Your Life: Reuniting Work and Joy, an inspirational book that helped inspire its publisher towards a post-corporate, portfolio life.   

Since 2001, he has been a writer for MoneyWeek, a financial copywriter, and a long-time contributing editor at The Week. Simon also works as an actor and corporate trainer; current and past clients include investment banks, the Bank of England, the UK government, several Magic Circle law firms and all of the Big Four accountancy firms. He has a degree in languages (German and Spanish) and social and political sciences from the University of Cambridge.