Worldwide, batteries are getting a great deal of backing, but probably not at the level of China’s push to rule over world electric vehicle markets. Recently, China awarded BYD $3.7 billion to enable it to pursue dominance of the world EV market. According to Bloomberg.com, “Virtually all of China’s listed companies received direct handouts in 2022, the Kiel Institute [for the World Economy] said, flagging support for wind, solar and railway rolling stock companies. Industry aid in China is “at least three to four” times higher than in large EU and OECD countries, the group said.” The European Union is busy investigating China’s underwriting of its own auto industry in what the EU sees as an anti-competitive advantage in an ongoing EV price war. America, for the most part, and aside from relatively minor Advanced Research Project Agency – Electric (ARPA-E) funding, does not seem to encourage EV development. What usually starts with automotive advancement eventually finds its way skyward. …
