CNA Correspondent Podcast: China charges forward with electric vehicle ambitions
Chinese automaker Build Your Dreams (BYD) is giving Tesla a run for it money. But is there room for more players in the domestic market?
Mining the deep reporting of CNA's correspondents, Teresa Tang goes behind the scenes with journalists on the frontlines to unpack the biggest Asian and global stories.
Jump to these key moments:
- 1:10 Electric vehicle popularity in China
- 7:36 BYD's ambitions
- 9:56 Other players in the domestic EV market
- 12:37 The West's EV dilemma
Build Your Dreams (BYD), the Chinese automaker, is on a mission to create a zero-emission energy ecosystem. It is shifting to a higher gear by lowering prices, with one model available for less than US$10,000.
In this episode of CNA Correspondent, Teresa Tang looks at the race to rule the road in China and abroad. Â
In China, the penetration rate for EVs reached 35 per cent ... and this boom has been very much government driven ... At the end of last year, US$72 billion in tax breaks were announced for new energy vehicles bought from this year to 2028.
The EU is toying with the idea of slapping import tariffs on domestic carmakers in China to keep the competition at bay. (But) pumping the brakes on these imports could throw a massive wrench in Europe's grand plan to go green.
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