The rising star of the electric car market is undoubtedly Chinese car manufacturers happened. The impact of manufacturers from this country, especially BYD, on the markets was quite remarkable. So much so that many countries have tried to protect their own manufacturers by imposing additional taxes on cars imported from China.

The secret of the Chinese breakthrough Center for Strategic and International Studies He created a think tank called. According to the study, China has contributed in total to the development processes of brands such as BYD since 2009. $230 billion invested.

Supports were also the subject of additional taxes

The support provided by China is the same as that provided by the EU for cars imported from China. Additional taxes up to 38% was also mentioned as a reason. European Union officials stated that thanks to the support of Chinese manufacturers, manufacturers in this country produce at much lower costs than European companies.

China is currently the largest market for electric cars in the world. The Asian giant expects global sales of electric cars to increase by 2023 60 percent of was located in the country where it was performed. China had far surpassed its major rivals such as the US and Japan in this area.

According to CSIS, $230 billion does not reflect the true extent of Chinese support in this area. Because this amount Support from local authorities Not included. In China, electric car manufacturers receive benefits such as tax exemption and investment support.