Analysts are growing increasingly bullish on the electric vehicle (EV) market globally and in the world’s largest automotive market, China, amid an increased push from governments to cut emissions and promote green recovery from the pandemic. Global EV sales jumped last year while the overall passenger car market crashed during the pandemic. Over the coming decades, electric car sales will only rise, driven by government incentives and falling battery costs, analysts say. And China, the biggest auto market, is set to lead the EV sales, thanks to government targets for growing new energy vehicles (NEVs) sales, the competitive market, and the Chinese dominance in the supply chain of battery metals and materials. Analysts have recently issued extremely bullish estimates about China’s EV market—more bullish than the ambitious government targets for electric cars’ market penetration. According to Swiss bank UBS, 60 percent of China’s new car sales in 2030 will […]