Is the buzz about China's supposed 'overcapacity' in electric vehicles (EVs) really what it seems? 🤔 Lately, some politicians and media voices have been pointing fingers at China, claiming its NEV production is flooding the world market. But is this the real story?
Let's break it down. Overcapacity happens when there's more supply than demand. But in the case of China's EVs, the global demand—especially in developing countries—is huge and growing! 🌍🚗 So why all the talk about overcapacity?
Here's the catch: Restrictions and barriers in markets like the U.S. and Europe are blocking the normal flow of these eco-friendly vehicles. 🌿✋ This creates artificial market distortions, making it seem like there's an oversupply when, in reality, the demand is revving up worldwide.
Could it be that the overcapacity debate is less about economics and more about competition? 🧐 By hyping up these claims, is there an attempt to clamp down on China's role in the global EV race? 🏁
At the end of the day, talking about overcapacity without considering supply and demand dynamics is like driving without a map—you're bound to get lost! 🗺️ Let's focus on opening markets and meeting the world's appetite for greener transportation. 🚀🌱
Reference(s):
cgtn.com
