Before most people could realize the extent of what was happening, China became a world leader in making and buying EVs. And the momentum hasn't slowed: In just the past two years, the number of EVs sold annually in the country grew from 1.3 million to a whopping 6.8 million, making 2022 the eighth consecutive year in which China was the world's largest market for EVs.

Besides, One in Four Cars Sold in China in 2022 Was an EV, China accounted for nearly 59% of the global EV sales volume. The industry is growing at a speed that has surprised even the most experienced observers: "The forecasts are always too low." This dominance in the EV sector has not only given China's auto industry sustained growth during the pandemic but boosted China in its quest to become one of the world's leaders in climate policy.

How exactly did China manage to pull this off? Well, from generous government subsidies to support for lithium batteries, here are the keys to understanding how China managed to build a world-leading industry in electric vehicles.

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