A Tesla Chinese Rival Has Bad News for EVs


Electric-vehicle demand continues to grow as more and more consumers cross the psychological barrier and buy their first EVs.

This shift is fueled by carmakers’ efforts to bring EVs into the mainstream. It is the rare major car manufacturer that does not offer an electric model. 

Also helping the switch is that most authorities have made the battle against climate change a priority and offer tax credits for purchases of clean vehicles. 

Yet another factor: The surge in gasoline prices has persuaded some households to calculate the savings they would see with an electric vehicle. EVs generally cost more to buy but in the long term could be cheaper than a gasoline-powered car.