The world’s biggest EV market is highly fond of small electric vehicles.If we’re to tell you that 1.75 million EVs were sold in China in 2017, you probably wouldn’t be that surprised. After all, the Chinese market is one of the biggest when it comes to electric vehicles. However, the aforementioned number stands for something other than full-fledged electric vehicles. It correlates to the number of LSEVs (Low-Speed Electric Vehicles) sold in the world’s most populous country. The small, slow and super cheap vehicles are taking over the country, especially in the rural areas. While they are bringing the thrill of driving to the masses, they are also hampering the government’s efforts to develop an upscale EV industry... Ken Notes: Very interesting read, but even with all the headaches the development of technologies in China will lead to a far more rapid development curve than here in the US. Watch for the next great next gen electric vehicle to come from China and take the market by storm... By the way Forbes thinks I am right... | ||
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