- The Chinese and Beijing governments are making investments and regulations that encourage electric vehicle production.
- Ford's research also found that Chinese consumers are less fearful of the potential problems electric cars could introduce than some of their international counterparts.
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Ford is betting China will beat the US and dominate the electric car market (F)
Ford is making significant investments in the Chinese market.
Once criticized for their lack of innovation, American car companies are making heavy investments in electric and autonomous cars. But Ford executive chairman William C. Ford Jr. thinks China will be the most promising market for the development and sale of electric vehicles, according to the New York Times.
Car manufacturers may also find consumers who are more willing to make the switch from gas to electric-powered vehicles. Ford has indicated its market research points to a consumer base that is less pessimistic about how far electric cars will be able to travel per charge, among other potential concerns.
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