China and the United States are both seeing high levels of private investment in electric vehicles, but is public infrastructure development keeping pace?
Credit: Oregon Department of Transportation via Flickr
The electric vehicle and battery industry has become a key battleground in the strategic competition between China and the United States. In the U.S. alone, that has translated into an investment boom: Since 2021, private companies have announced $137 billion worth of investment into the sector, according to data recently published by the White House.
Getting the tech right is one thing, however: also vital to the future of EVs is putting the infrastructure in place, such as charging stations, to support their acceptance among consumers.
This week, The Wire looks at the largest investments private companies have announced in recent years, and examines whether the United States and China are matching private investment with public infrastructure development in this competitive area.
THE EV RACE
The Inflation Reduction Act, passed in 2022, has helped spur U.S. private sector investment in EV manufacturing by providing tax credits for manufacturers as long as their v
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Robert Lighthizer, the U.S. Trade Representative under Donald Trump, reflects on his decision to launch the trade war with China and begin the process of "strategic decoupling" — a process he says the U.S. must see through to the end.
