Why China is winning the EV war

The Biden administration has a climate goal that 50 percent of all new car sales in the US will be electric by 2030. Meanwhile, China already reached that milestone this year, in 2024. Over the past decade, China has pulled numerous levers to scale up its electric vehicle industry, and key to that strategy has been the development of the most globally competitive EV battery. Their efforts have spawned the world’s biggest battery companies,  like CATL and BYD. 

The Biden administration wants to keep Chinese cars and batteries out of the country — but that could be counter to our own electric vehicle ambitions in the short term. This video explains how China was able to create the most dominant EV battery, and whether the US can meet its own climate goals without it.