A fierce price war in China has resulted in EVs becoming far more popular than petrol cars. And where China leads, the rest of the world will soon follow.
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Price wars can be creative, or destructive.
When comparable airlines battle for market share, the results can be devastating. None of them is offering a fundamentally cheaper product, so the effect is only to make consumers expect cheaper tickets.
Bloomberg Opinion
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Original URL: https://www.afr.com/world/asia/cheap-evs-dominate-china-and-rest-of-the-world-soon-20230809-p5dv48
