Prof. Sili Zhou
Tax incentives have been the key driver behind China’s rapid rise as a global leader in electric vehicles (EVs), according to Prof. Sili Zhou, Associate Professor in the Faculty of Social Sciences at the University of Macau (UM) and Associate Team Leader of the Macao Economy team at the Asia-Pacific Academy of Economics and Management (APAEM). In a recent interview with TDM Radio Macau on May 1, 2025, Prof. Zhou highlighted how government support helped Chinese automakers dominate the sector within just a decade.
China’s entry into the EV market has transformed the industry, offering consumers more affordable and diverse options. Prof. Zhou emphasized that a robust domestic market, with multiple competing brands, has further strengthened China’s position by fostering innovation and improving product quality.
However, Prof. Zhou acknowledged the European Union’s concerns over unfair competition, citing China’s lower labor costs and access to cheaper raw materials as factors that create an uneven playing field. Prof. Zhou suggested European firms to collaborate with Chinese companies through joint ventures and study the reasons behind China’s EV success.
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