Chinese technology companies are paving the way for a world that will be powered by electric motors rather than gas-guzzling engines. It is a decisively 21st-century approach not just to solve its own energy problems, but also to sell batteries and other electric products to everyone else. Canada is its newest buyer of EVs; in a rebuke of Mr. Trump, its prime minister, Mark Carney, lowered tariffs on the cars as part of a new trade deal.
Though Americans have been slow to embrace electric vehicles, Chinese households have learned to love them. In 2025, 54 percent of new cars sold in China were either battery-powered or plug-in hybrids. That is a big reason that the country’s oil consumption is on track to peak in 2027, according to forecasts from the International Energy Agency. And Chinese E.V makers are setting records — whether it’s BYD’s sales (besting Tesla by battery-powered vehicles sold for the first time last year) or Xiaomi’s speed (its cars are setting records at major racetracks like Nürburgring in Germany).
Ford, and other American auto makers, were asleep at the wheel when EVs were starting to take off. Ford and GM doubled down on selling pickups and big SUVs which had good margins. Instead of investing in R&D to make a solid product they were caught unprepared and had to throw everything at the wall to see what stuck with their first EVs. Yes, they were able to bring them to market fairly quickly (good), but at the cost of efficient of the product and the production method.
This means for every EV they make, they do it expensively where they wouldn’t need to if they improved their designs and production methods.