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Electric cars in China

China to buy 60% of world's electric vehicles in 2035, says study

Industrial policy spurs investment and growth in world's largest market

Electric vehicle startups in China, such as Singulato Motors, are benefiting from a government policy aimed at promoting a switch to electric cars.

TOKYO -- China is forecast to make up almost 60% of the world's electric vehicle sales by 2035, a recent study predicts, with the country's market swelling as global automakers step up investment to meet state quotas for production of electric cars.

Tokyo-based market research specialist Fuji Keizai forecasts sales of 11.25 million electric vehicles globally in 2035, nearly 15 times the number sold in 2017. China is expected to account for more than half the total, with 6.42 million electric cars sold that year.

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