In a bold move to accelerate its green transition, China unveiled new guidelines on August 11 aimed at transforming the nation’s economic and social landscape. Central to these guidelines is the push for a green and low-carbon shift in the energy sector, complemented by sustainable practices in transportation.
Despite these ambitious plans and significant advancements in green technologies like electric vehicles (EVs), China is encountering escalating green trade barriers. Critics often claim that China does not adhere to the global rules-based order. However, a closer look reveals that China is a staunch supporter of international organizations such as the United Nations and the World Trade Organization (WTO).
This contradiction is particularly evident in the realm of EVs. As climate change intensifies, reducing greenhouse gas emissions is paramount, with the automotive sector playing a crucial role. The global consensus is to phase out internal combustion engines in favor of EVs. Yet, progress is being hindered as some countries impose tariffs on Chinese EVs to protect their own automotive industries.
China’s leadership in the EV market is undeniable. A decade ago, recognizing the environmental and economic benefits, China invested heavily in EV research and development. Today, electric and plug-in hybrid vehicles account for a staggering 50.8% of total car sales in China as of July, a figure unmatched by any other country.
The Chinese market offers consumers a diverse array of EV options across various price points, fostering a vibrant and competitive environment. This robust market is a testament to China’s strategic investments, resulting in effective, economical, and cost-efficient EV production.
Global demand for efficient and affordable EVs is surging, but traditional auto manufacturers in Europe and the United States are struggling to keep up. Their limited investment in green technology and production hampers their ability to compete with Chinese EV offerings, leaving a gap that Chinese manufacturers are eager to fill.
As the world grapples with the pressing challenge of climate change, China’s advancements in EV technology and its commitment to sustainable development position it as a key player in the global green transition. Overcoming the rising green trade barriers will be essential for fostering international cooperation and meeting the ambitious climate targets set by the Paris Agreement.
Reference(s):
cgtn.com
