China’s Government and Car Manufacturers Look to Compete in the Electric Vehicle Market

Industry observers expect China to rapidly move to the forefront of the automotive industry. China already buys more cars and electric vehicles (EVs) than any other country, which analysts expect will set China up to be major competition for American and European manufacturers as electric vehicles become standard.

Though Chinese EVs aren’t widely available, the Chinese government and numerous Chinese automotive billionaires are preparing to put their weight beyond a global push. Sales of EVs doubled in 2017, and China made up more than half of the 1 million vehicles sold. The Chinese government has set a goal of 7 million vehicles by 2025 with corporations jostling to even compete with luxury EV manufacturers like Tesla.

China’s government is handing down subsidies and tax rebates for purchasing their vehicles while keeping the tax on imports steady at 25%. Foreign carmakers are experimenting in Chinese markets and many hope to see tariffs lowered soon.

It remains to be seen if Chinese investments will pay off, though the relative nascence of the EV market gives Chinese manufacturers a better shot at significant competition.

Follow us on social media for the latest updates in B2B!


From Pit to Business: What B2B Companies Can Learn from Texas BBQ Pit Masters
March 20, 2023

The art of Texas BBQ goes beyond just cooking mouthwatering, smoky meats; it’s about uniting people and nurturing a sense of community. B2B companies aiming to create strong communities and expand their audiences can draw valuable insights from BBQ pit masters and organizations like Traeger Grills that have excelled in community building.   Passion and […]

Read More
Automobile Dealership Sales and Management Training is Not One-Size-Fits-All: How the Kintz Group Ensures a Perfect Fit
March 20, 2023

The automobile dealer industry experienced quite the rollercoaster over the past few years. Everything from crazy consumer demand, empty lots, supply chain issues, personnel shortages, rising interest rates, and higher gas prices. With the art of selling automobiles shifting and changing with each new loop, how do dealers face strategic shifts in training their teams? […]

Read More
digital court reporting
Stenograph’s MAXScribe™ to Become the Primary Software for Key College Digital Reporting Program
March 20, 2023

DOWNERS GROVE, Ill., March 20, 2023 ( – Stenograph®, LLC announces a partnership with Key College to further its support of court reporter education. Key College has named Stenograph’s digital court reporting software, MAXScribe, the primary software of its Digital Court Reporting Certificate Program. To help prepare students for AAERT Certifications such as CER, CET, and CDR, […]

Read More