From the article above I posted there seems to be a reason why China wants the EV market.
Another important point about China: Chinese companies that manufacture batteries are not subject to a CO2 tax in the way European companies that enter the ETS system are. From the point of view of the fight against global warming, this is ridiculous, because it is an incentive to manufacture batteries for electric vehicles in China where the carbon intensity is higher than in Europe. It is crucial that Europe introduces a carbon tax on imports as soon as is feasibly possible. I’m not the only one saying this, but nothing seems to be happening.
