The recent surge in fuel prices due to the war in Iran has spurred demand for electric vehicles around the world, and Chinese car makers are making the most of the opportunity.
The recent surge in fuel prices due to the war in Iran has spurred demand for electric vehicles around the world, and Chinese car makers are making the most of the opportunity.
Than why don’t they buy foreign EV’s? There were options but now both Hyundai and Kia have stopped selling EV models last year solely in the US. In my opinion that makes the choice for BYD logical as these US established brands can’t even sell their EV’s.
My own opinion, they were too expensive and the EV charging network wasn’t built up enough to prevent people from feeling like the available range options weren’t large enough.