One of the only places on earth where Chinese EVs can compete head-to-head with Western vehicles is Australia, which has a free trade agreement with China. In Australia, Chinese-built EVsnow control 80% of the EV market, and Chinese brands are the most popular, behind only Tesla. John C...
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Western analysts, however, warn that a Chinese EV oversupply could lead to cut-price exports of China’s electric cars, potentially distorting and pressuring the auto industries in other countries, and potentially setting the stage for the next U.S.-China trade war front—electric vehicles....
While shops and services in the UK are not required to accept cash, some countries like Australia are considering making it compulsory for essential services to do so. But Emma Reynolds, the new economic secretary to the Treasury, said Labour had no such plans. ...
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Back in Australia, Toyota’s Mr Willis reiterated the company’s “multifaceted” strategy to ABC News, and said more hydrogen cars will start appearing on Australian roads between “now and 2030”. “We have plenty of customers that are very interested in hydrogen, from the mining sector to...