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Domestic EV Policy Decides the Global Car Hierarchy: Why China & Thailand Are Pulling Ahead
China’s latest NEV plan makes one thing clear: the future global car hierarchy is being decided at home, not in export markets. Less expected is the rapid rise of Thailand, which is following China’s playbook with striking success.
AI Summary
China's domestic electric vehicle policy is driving the country's position in the global car hierarchy. The policy's focus on domestic production and sales is contributing to China's growth in the electric vehicle market. China's approach is being emulated by Thailand, which is also prioritizing domestic electric vehicle production and sales. Thailand's strategy appears to be yielding results, with the country's electric vehicle market expanding rapidly. The implications of these developments are significant for the global car industry, as they suggest that domestic policies are playing a crucial role in determining the hierarchy of car-producing nations.
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