China is flooding emerging and secondary markets with millions of gasoline cars left unsold at home where EVs are pushed instead, Reuters reported on Tuesday.
Reuters explained China’s has rapidly shifted towards electric vehicles (EVs), which now represents half of its entire domestic market. The shift has in turn affected sales of “legacy” gasoline-powered carmakers — who are now “flooding” the world with the units that go unsold at home.
“While Western policymakers have focused on the threat of China’s heavily subsidized EVs, protecting their markets with tariffs, U.S. and European automakers face greater competition from China’s…
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