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- Policy changes are slowing the global EV transition, a top BYD exec says.
- Countries that go “back and forth” on EV policy risk confusing manufacturers, Li said.
- When governments give a “very clear line,” automakers can focus on execution, Li said.
The global EV transition has a policy problem, says BYD executive vice president Stella Li.
Li said in a panel session on EVs on the second day at Davos that governments keep changing the rules about EVs. The 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.
Li said that when countries go “back and forth” on their EV policy, it creates a pattern that “will confuse manufacturers.”
In contrast, when governments give a “very clear line,” automakers can focus on execution, Li said.