„The impacts of the pandemic are unpredictable. It’s concerning that Chinese car buyers are switching from public transit to personal vehicles.
However, that process was already underway. Now it appears to be accelerating. This is occurring just as production of new EVs from Tesla, Volkswagen, Byton, General Motors, and others, are ramping up. They are the best crop of long-range EVs ever offered in China.
If global auto sales rebound, the shift to electric vehicles could be faster than anybody predicted.“