Development and Competitive Advantages in the NEV Industry of China and the United States

Zixi Huang ()
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Zixi Huang: Suzhou Industrial Park Foreign Language School

A chapter in Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026), 2026, pp 664-674 from Springer

Abstract: Abstract In the global shift toward sustainable transportation, China and the United States have taken distinct policy approaches to developing their electric vehicle (EV) industries. By 2023, China accounted for over 60% of global EV sales and nearly 80% of global battery production, driven by integrated long-term policies covering R&D, infrastructure, incentives, and exports. In contrast, the U.S.-home to innovators like Tesla-emphasizes high-end technology and market-driven growth, yet faces challenges from fragmented infrastructure and unstable policy continuity. This report compares their development paths and policy frameworks, finding that China's centralized coordination fosters consistent growth, while the U.S. must strengthen intergovernmental coordination and long-term planning. These insights offer valuable lessons for other countries aiming to scale their EV industries and contribute to global climate goals.

Keywords: NEV Industry; Competitive Advantages; battery production (search for similar items in EconPapers)
Date: 2026
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DOI: 10.2991/978-94-6239-642-5_66

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