I know, I know, electric cars, again? But a milestone just occurred, according to respected economic metrics. As of around now, China will have surpassed both Japan and Germany as the world's top vehicle exporter. (Almost all EVs or plug in hybrids... including Tesla and other foreign manufacturers with plants in China, but only Tesla constituted a significant fraction). This reverses an economic status that had lasted for almost 50 years. Chances are this development will not go backward any time in the foreseeable future. The only country that is not importing Chinese cars at record rates is the US. Which has its pluses and minuses.
Most countries outside Europe and North American now import most of the cars sold there from China. China strategically targeted the auto industry as the next phase of its long term economic development, about 15 years ago, and realized immediately and correctly that battery electric vehicles would be the future. A conclusion several of the legacy car makers, especially in Japan, have still not accepted.
If you think this is no big deal, consider this: At least two thirds of Japan's industrial economy is based on the auto industry. They dominated (especially Toyota) for half a century. But that dominance is over.
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