While electric vehicle (EV) sales are lagging in the U.S., contrary to the previously optimistic forecasts, Chinese EV sales are now booming. Several major Chinese automotive companies, as well as multiple start-ups, have reported record sales figures in the third quarter of the year. This trend has been widely anticipated by industry experts thanks to the competitive pricing and broad variety of EV models being offered by Chinese companies. Earlier this year, the U.S. announced that its EV sales were not increasing in line with previous…
