SINGAPORE (Jan 22): There is something of a global boom in electric vehicle (EV) demand and supply. Last December, BlueSG rolled out the first electric car-sharing service in Singapore. The real action, though, is in China. According to McKinsey, the Middle Kingdom increased its lead in EV production. Chinese OEMs produced 43% of the 873,000 EVs built worldwide in 2016. With major cities such as Beijing and Shenzhen mandating that new taxis be electric instead of petrol-fuelled, China, which has already overtaken the US with the world’s largest fleet of EVs, is set to pull ahead further.

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