EV sales in China skyrocket

 From The Electric Viking

• China's EV+PHEV sales up 82% year-on-year in February; up 50% YoY so far this year.
• Volkswagen group's EV sales fell >50%.
• BYD dominates in China, and its exports were up nearly 180% YoY.  It's opening another factory in Europe.
• None of the 15 top-selling EV manufacturers is a legacy car maker.
• 31 million cars sold in China; global car market 80 million.  So China is 38% of the world total.
• EVs/PHEVs will reach 100% of car sales next year.   At a 50% growth rate, EVs/PHEVs will reach 70% of total car sales in China this year, and (as near as dammit)  100% next year.

The S-curve in action.  This is it.

My take on this is that any auto manufacturing country in the world which does not race to make its own EVs will lose this industry.  Biden saw this in the US; Trump does not.  And his tariffs on Mexico and Canada will only make things worse.  

I read somewhere that Europe is going to subsidies EVs produced in Europe, which might -- might -- save its car industry.  The US can protect its own car industry, but the rest of the world will transition to dirt-cheap EVs, saving themselves money, and crashing oil sales.