China's BYD Is BEATING Tesla In The First Half of 2022

Many Chinese consumers can now acquire their vehicles thanks to the rapid growth of China's economy over the past few decades. As a result, people can now move about more freely, and the nation has the biggest vehicle market in the world!

But as a result, there were severe issues with urban air pollution, high emissions of greenhouse gases, and a growing dependency on foreign oil sources.

The Chinese government also established regulations to encourage the usage of plug-in electric cars to lessen the negative consequences of these variables. But, due to the higher cost of buying an EV compared to a traditional car with an internal combustion engine, the government began offering significant subsidies for EV purchases in 2009. And today, a Chinese electric vehicle manufacturer has sprung from the ashes and is revolutionizing the entire EV market!

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