In recent years, the US has fallen behind Europe in China for the production of electric vehicles. And now, a new report has revealed that the gap has widened even further between the US and these regions.
According to a CNBC report, the news arrives from a new study from International Council on Clean Transportation (ICCT), which found that the gap jas widened from 2017 to 2020. The study found that the number of electric passenger vehicles made between 2010 and 2020 was over 10 million units. Furthermore, US based automakers had produced about 20 percent of the global stock at the end of 2017. Although in 2020, this figure fell to 18 percent of the total electric vehicles produced since 2010.
On the other hand, the production share of Europe and China rose during this period. The council also added that one of the primary factors that led to the difference was difference in government policies that promoted EVs in the automobile market. Nic Lutsey, program director at ICCT added that “Electric vehicle manufacturing growth happens where there are strong national policies designed to spur the market forward. Hundreds of billions of dollars are on the table, and the United States hasn’t even bothered to pull up a chair.”
During the same 10 year period, China was the largest EV producer in the world and accounted for a sizeable 44 percent of all electric vehicles that were manufactured. This marked 4.6 million units for both production and sales. Meanwhile, Europe was responsible for the production of about 25 percent of the total EVs, by producing 2.6 million units and selling 3.2 million units. Stronger sales overseas even saw American EV maker Tesla set up shop in foreign nations like China.
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