BYD executive says shifting government EV policies are slowing the transition

Businessinsider reports that Stella Li, executive vice president of BYD, said at a panel on the second day at Davos that frequent changes in government EV policy are slowing the global transition to electric vehicles.

Li said governments 'go back and forth' on EV rules, and that the resulting stop-start approach makes it harder for automakers to commit capital, plan product cycles, or build supply chains with confidence, even as competition across the EV markets in China, the US, and Europe heats up.

She warned the pattern 'will confuse manufacturers,' and said that when governments give a 'very clear line,' automakers can focus on execution.

Key Topics

Business, Byd, Stella Li, Electric Vehicles, Ev Policy, Davos