In the global shift towards carbon neutral mobility, a striking role reversal is taking shape. China, often seen as a top-down planner, has emerged as a pragmatic, market-responsive architect of new energy vehicle (NEV) policy. Europe, a champion of climate ambition, is seemingly executing a retreat amid a disconnect between ambition and reality.
The planned dilution of the European Union’s ban on new combustion-engine cars by 2035 to a carbon dioxide output reduction target of 90 per cent is…
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