Chinese EV manufacturer BYD has unveiled new charging technology that can deliver 400km of driving range in just five minutes, quadrupling Tesla's charging rate.
China's technological advance in the EV industry can be attributed to its strategic approach, protecting domestic industries, acquiring foreign technology, and using tariffs, subsidies, and state investment.
China's dominance in EVs gives it the power to set the rules and shape the future of the technology, while receiving substantial government subsidies, unlike Tesla.
In addition to the shift towards electric cars, we need to question whether we need fewer car journeys and explore alternative transportation options like high-speed rail.