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China Will Lead Electric Vehicles as U.S. Remains Conflicted
China could lead the race to roll out electric vehicles and will deploy new transport technologies more quickly than the United States, according to a report by Accenture (NYSE: ACN). However, the U.S. could lead a global biotechnology-based agricultural revolution that will generate more biofuel breakthroughs.
The report, “The US and China: the race to disruptive transport technologies,” claims that China’s state-backed focus on electric vehicles (EVs), its domestic supplies of lithium and current battery production capacity will give it a competitive advantage over the U.S. in EVs. Continue reading
