The automotive industry is undergoing a transformative shift as electric vehicles (EVs) steadily gain momentum. President Biden has made the transition to EVs a cornerstone of his administration's climate agenda, proposing a slew of policies and incentives to promote their adoption. While these efforts have been met with enthusiasm from environmentalists and EV advocates, some critics have raised concerns about the potential costs for consumers and the broader economy.

Despite Challenges, BYD, MG, and Smart See Strong Growth in 2023