Revving Up for Change: The U.S. Dilemma in the Global Electric Vehicle Race
The Electric Vehicle (EV) Paradigm Shift: Challenges, Opportunities, and the Role of U.S. Policy
In recent years, the global shift towards electric vehicles (EVs) has accelerated, driven by the recognition of climate change, advancements in technology, and governmental policies incentivizing green transportation. However, the U.S. finds itself at a crossroads, grappling with its position in the EV landscape dominated by foreign players like China’s BYD, which has successfully leveraged economies of scale, innovative battery technologies, and strategic market penetration to emerge as a formidable force.