This episode explores China’s new-energy vehicle (NEV) market and draws from the November 2018 CSIS report entitled China’s Risky Drive into New-Energy Vehicles. We are joined by the author of the report, Dr. Scott Kennedy, who examines the strategic and economic motivations behind Beijing’s prioritization of NEVs. Dr. Kennedy discusses the positive results of China becoming the world’s largest NEV market, as well as issues the industry faces in China, such as overcapacity, environmental ramifications, and the challenges posed by international competitors. He also offers his assessment of how the industry will evolve and China’s role moving forward.
Dr. Scott Kennedy is senior adviser of the Freeman Chair in China Studies and director of the Project on Chinese Business and Political Economy at CSIS. Prior to joining CSIS, he was a professor at Indiana University (IU) for over 14 years. His work focuses on China’s economic policy and its global economic relations, including industrial policy, technology innovation, and US-China commercial relations.