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The Future of the Car: Asia

China not only sells more electric cars than any other country, it also made the fastest. Meanwhile, Japan’s battery makers look set to dominate, while Honda and Toyota fix sights on a post-lithium future powered by hydrogen gas.

Subsidies help China sell the most electric cars
Government incentives last year were worth up to $15,000 per vehicle
Japan Inc prepares to defend its lead in battery power
Technological advances give Japanese groups an advantage
Electric vehicle ambitions spark race for raw materials
Manufacturers are scrambling to seal long-term deals for supply of lithium, cobalt and nickel
Nio plans to speed into China’s electric car market
The three-year-old company is to start production of a seven-seater car in December
Japan is betting future cars will use hydrogen fuel cells
Honda and Toyota think the technology’s superior energy density will triumph over batteries
China’s carmakers: too many are too small to be viable
More than 100 groups are licensed to make vehicles but consolidation is unlikely

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