Is Electrification Winning the Future? China Has Already Built the Factory

Highlights

• China supplied 60% of all EVs sold globally in 2025 and holds over 80% of lithium-ion battery manufacturing capacity
• U.S. EV market share stayed below 10% after federal purchase credits ended, while global EV sales exceeded 20 million vehicles
• Rare-earth export controls have pushed European dysprosium and terbium prices to roughly five times Chinese domestic levels
• The Iran conflict is accelerating petroleum substitution, with French EV sales surging 93% year-over-year in May 2026
• America risks financing mines without processing, magnets, or customers—creating geological inventory rather than industrial security