IHS' Chao Says EV Subsidy Costs Skyrocketing

The transcript discusses China's electric vehicle (EV) market, highlighting the role of government subsidies in driving sales and the potential market distortions they create. It examines the environmental impact of EVs, noting that while they reduce local emissions, they shift pollution to coal-fired power plants. The conversation also touches on China's national strategy to lead in EV technology and the challenges faced by the auto industry, including changing consumer demand and policy shifts.

What are the environmental implications of producing electricity for electric vehicles in China?

How has the internal combustion engine technology evolved in comparison to electric vehicle technology?

What trends are observed in consumer demand for SUVs in China, and how does this affect environmental policies?