China has seized on the net zero transition to launch an electric car manufacturing push that’s gone from nought to 60 in the blink of an eye and is now poised to reshape the global car industry beyond all recognition. Having already secured a switch to electric in its home market, the Asian superpower has embarked on a push for wider domination of the $2.6 trillion (£2.1 trillion) auto industry. It is flooding emerging markets and Western economies alike with electric cars priced to vastly undercut rivals. A new report from the International Energy Agency (IEA) has laid bare just how far the Chinese electric vehicle (EV) landgrab has progressed. It highlights China’s potential to leave established auto giants – everyone from Ford to Nissan – trailing in its wake as road transport undergoes the biggest transformation since the first Model T rolled off a Detroit production line in 1908. China is already the biggest market in the world for electric cars by sales. Figures published in the IEA’s annual Global EV Outlook show 60pc of global electric car sales last year were in China, with Europe accounting for 25pc and the US just 10pc. In part, this represents the...