TIME

CO2 Leadership Report

ere in the U.S., we hear a lot about how legacy automakers are racing to catch up to Tesla and capture a piece of the growing electric-vehicle market. In the global race, however, there is another, perhaps more significant, competitor: And a handful of other Chinese EV makers are planning to rapidly expand in the European market with cheaper offerings than their European and American competitors. If you look closely, you may have already encountered one. Last year in Mexico City, I was surprised to have a BYD vehicle show up when I called an Uber. And BYD electric buses have been driving around the U.S. for years.

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