If a big story of the past few years has been the electric vehicle revolution, 2025 was something of a bifurcation. In China, EVs are now fully entrenched in power: Half of all vehicle sales are now electric. In the U.S., there’s been a counterrevolution of sorts, with Donald Trump eliminating the EV tax credit and loosening fuel efficiency standards.
U.S.-based Tesla, long the world’s leading manufacturer of electric vehicles, has fallen to second place, behind China’s BYDiBYDBYD…
