EV companies have one big problem - countries that can't keep their policy straight, says top BYD exec

"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."

"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."

Government back-and-forth on EV policy creates uncertainty for automakers. The stop-start approach makes it harder to commit capital, plan product cycles, or build supply chains with confidence. Competition across EV markets in China, the US, and Europe intensifies while policy instability persists. Policy reversals risk confusing manufacturers and undermine long-term industrial planning and investment decisions. Clear, stable government policy signals support for the sector, helps firms concentrate on execution, fosters supply-chain development, and accelerates deployment of electric vehicles across markets.

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