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China is exporting so many EVs that it needs more ships – a lot more

Baua Electric

Customers buying the ships include SAIC Motor, Chery, BYD, as well as shipping companies COSCO and China Merchants “on behalf of Chinese automakers,” reports Reuters. “After this armada has been delivered to China, the Chinese controlled car carrier fleet will jump from current 2.4% to 8.7%,” Veson analyst Andrea de Luca told Reuters.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

At the start of 2023, PHEV subsidies were phased out, resulting in lower PHEV sales compared to 2022, and in December 2023, all EV subsidies ended after a ruling on the Climate and Transformation Fund. Chinese carmakers such as BYD, Chery and SAIC are also considering expanding to Mexico.

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Electric Car Watch #4: Toyota is the new Kodak

Plug In India

The climate clock is ticking and we have to start hitting polluters where it counts–in the money. ICE vehicles will attract carbon taxes in many countries due to the air pollution they cause. In the USA, environmentalists are now calling for a boycott of the brand. Get the F outta here."

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