The first is the demand of national economic development.
If a country's economy wants to maintain development, it must shift from low-end to high-end and sophisticated, and the automobile industry is only one of the largest markets, which can provide a large number of high-end jobs.
Europe, America, Japan and South Korea have been leading the fuel car track for decades and hundreds of years. Patented technologies are like mountains standing in front of China, and it is almost impossible to overtake on this track. So in this case, it is undoubtedly a wiser choice to set up a new energy car track.
At present, China is in an advantageous position, mastering the whole industrial chain of electric vehicles, which is much stronger than the chip industry.
National energy security strategy
COVID-19 epidemic, Russia-Ukraine conflict, and high global energy commodity prices, oil prices will not see a downward trend in the short term.
China buys a lot of commodities such as oil and natural gas every year. Developing new energy vehicles is conducive to reducing dependence on oil, and also conforms to the development trend of low-carbon life in the world.