Why China Is Beating The U.S. In Electric Vehicles

CA 9+ #CNBC Why China Is Beating The U.S. In Electric Vehicles 1,747,817 views Mar 23, 2021 19K 1.3K Share Save CNBC 2.35M subscribers The global electric vehicle market is heating up and China wants to dominate. The country has invested at least $60 billion to support the EV industry and it’s pushing an ambitious plan to transition to all electric or hybrid cars by 2035. Tesla entered the Chinese market in 2019 and has seen rapid growth. China sold roughly one million more EVs than the U.S. in 2020. But there are signs the U.S. is getting more serious about going electric. President Joe Biden announced a goal to reach net-zero emissions by 2050 and investments in green infrastructure. Watch the video to find out how China came to dominate the market and whether it’s too late for the U.S. to catch up. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC Why China Is Beating The U.S. In Electric Vehicles 7,748 Comments Auggie Giuseppe Add a public comment... Virgil White Virgil White 3 months ago Because here in the US, keeping up with the Kardashians is more important stuff. 661 NepaliYuva NepaliYuva 2 months ago This fool hasn’t seen Nio yet. Nio is a quality product. 30 Dan D Dan D 3 months ago The US is held back by special interest groups lobbying and paying off politicians to make sure that the oil and automotive industry in business. 521 nb nb 3 months ago China leads us in electric cars because they can build a ten thousand bed hospital in a week . 580 Isaac Isaac 3 months ago Just a small error in the video: China by the end of February 2021 built 827,000 charging stations, not just 500,000 as CNBC mentioned. 229 Alamak2070 Alamak2070 3 months ago In Shenzhen 100% of taxis and 100% of buses are EV. Many Chinese cities are catching up with converting public transport and taxis to EV 1.4K Faustin Faustin 3 months ago I like that $4,400 vehicle. We need it here in Africa, urgently! 184 David Tay David Tay 3 weeks ago I was told by an ignorant New Yorker why China has more EV than the US is because China copied them. Then he went back to have a few more beers. 15 Jolyon Welsh Jolyon Welsh 1 day ago When electric cars take off in the U.S., God help our D+ rated power grid. Jerry Hung Jerry Hung 2 months ago America is led by lawyers, so they are busy in arguing and no time to build China is led by engineers, so they are busy in building and no time to argue 50 Financial Shinanigan Financial Shinanigan 3 months ago The main issue, China is focused on long term while USA is focused on next election 1K Sir Madog1956 Sir Madog1956 1 month ago Blaming others for one´s own failures seems to be a specific character trait in the US. Patriotic bla bla won´t stop the decline of this greedy, immoral an unethical country!