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EV transition needs policy overhaul amid struggles to compete with China

The article from AM Online discusses the challenges faced by the UK automotive industry in transitioning to electric vehicles (EVs) amidst competition from China. It highlights that the UK's EV transition requires a significant policy overhaul to remain competitive. Key points include the need for government support in terms of subsidies, infrastructure development, and regulatory adjustments to level the playing field with Chinese manufacturers who benefit from lower production costs and substantial state support. The article notes that without these changes, UK manufacturers might struggle to keep up with the pace set by Chinese EV makers, who are rapidly expanding their market share globally. Additionally, there are concerns about the UK's ability to meet its environmental targets and the potential job losses in the automotive sector if the transition is not managed effectively.

Read the Full AM-online Article at [ https://www.am-online.com/news/ev-transition-needs-policy-overhaul-amid-struggles-to-compete-with-china ]