U.S. - China Competition in the Electric Vehicle Industry (2020-2024)

Abstract

Abstract: From 2020 to 2024, strategic competition between the United States and China has spanned multiple sectors. In economics, a typical example is the electric vehicle (EV). Concerned that Chinese EV brands might infiltrate and dominate the domestic market, the U.S. has implemented policies to restrict and block EVs of China. In response, China has also enacted various policies to ensure its leading position in this field. The current tensions not only impact on the the economies and environments of both countries but also of the world. Observing the current actions of both the U.S. and China, many believe that the competition will become more intense in the future, especially with former President Donald Trump being re-elected as the 47th President of the U.S.