The future of electric vehicles around the world depends on China. While Europe has long been at the forefront of the electric car industry, with Tesla leading the charge, almost all of those European EV companies have to go through China at some point in the production process, as Chinese industry has a veritable chokehold on one of the essential components of the standard electric car. As Oilprice reported back in 2018, “ China Indirectly Controls EV Markets ” through the nearly monopolized production of electric car batteries. “The European market should start contending with the likely outcome that European car production will soon be making a mass move to China,” Oilprice wrote two years ago. “This will have a major impact on the region that has long counted companies like Volkswagen, BMW, Mercedes-Benz and Renault among its economic strongholds.” At the time, China produced a whopping two thirds […]