Summary
The U.S. faces concerns over national security as China leads the electric vehicle (EV) market, impacting global industry competitiveness and future technologies. China's dominance in EV production and technology could shift industrial power, affecting economic and military capabilities. American experts warn that the U.S. needs to invest more in EVs to maintain its global influence and technological edge.
Key Facts
- China's electric vehicles (EVs) dominate global production with 70% of the market.
- In 2024, EVs made up more than half of car sales in China and could reach 60% this year.
- The U.S. sold only one in 10 cars as EVs in 2024, with modest growth expected.
- China's EV industry benefits from subsidies, incentives, and strong industrial capabilities.
- The shift to EVs affects more than just cars; it includes advancements in AI, robotics, and military tech.
- The U.S. risks losing its industrial base if it does not boost its EV competitiveness.
- Experts warn that if the U.S. does not act, its automakers could become irrelevant globally.
