Commentary
Some years ago, Beijing made a big bet on electric vehicles (EV) with the goal of achieving global dominance. However, like so many other efforts in China’s centrally planned economy, things have not gone well.
Thinking About China
Opinion
China’s EV Firms Are Losing Money, Living Off Government Support
Under global pressure, Beijing is pulling back from the EV project. The firms now rely on local government support, but it won’t sustain them for long.
Cars for export wait to be loaded on the "SAIC Anji Eternity," a domestically manufactured vessel intended to export Chinese automobiles, at Yantai Port, Shandong Province, China, on May 15, 2024. STR/AFP via Getty Images
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
