
EV Market: China’s Battery Dominance & GM’s Hydrogen Retreat
China dominates EV battery production. GM abandons hydrogen cars due to high costs and infrastructure issues, focusing on EVs. California sees strong EV adoption, fueled by tax credits.
China dominates EV battery production. GM abandons hydrogen cars due to high costs and infrastructure issues, focusing on EVs. California sees strong EV adoption, fueled by tax credits.
While Toyota continues to invest heavily in the fuel-cell technology it pioneered, owners of the Mirai have filed lawsuits and demanded buybacks over the lack of fueling stations, the extremely high price of hydrogen and a general sense of being deceived by the manufacturer.