Intellectual property theft allows China to dominate the world of electric vehicles (EV), according to former senior intelligence official and author Nicholas Eftimiades.
From 2021 to 2022, the number of EVs sold annually in China grew from 1.3 million to 6.8 million, making 2022 the eighth consecutive year in which China was the world’s largest EV market. Meanwhile, the United States sold about 800,000 EVs in 2022, according to a report by MIT Technology Review.
“As a result of generous government subsidies, tax breaks, procurement contracts, and other policy incentives, a slew of homegrown EV brands have emerged and continued to optimize new technologies so they can meet the real-life needs of Chinese consumers,” the report says….