The world’s policymakers and automakers have real lessons to draw from how China built its electric vehicle industry, and the useful ones have little to do with copying an all-powerful state. Start with technological range: China backed multiple pathways simultaneously, battery-electric, hybrid, fuel-cell, and alternative fuels, rather than committing early to one winner.
The real takeaway is about building institutions that reward trial and error, welcome capital from many sources, and let open competition decide which companies and technologies last. Many experts will be wondering how the fortunes of EV industry players like Massimo Group (NASDAQ: MAMO) would be different if…
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