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While domestic sales have contracted, international demand remains robust, with so-called new-energy vehicle exports rising to 400,000 in April despite Western countries imposing import restrictions.
Meanwhile, falling prices sparked by excessive competition in the industry — China has more than 100 EV manufacturers — have helped spark a rapid transition to low-emissions cars even in low-income nations: Although from a low base, the number of EVs in Bolivia has grown almost sixfold in the last five years, with many buyers turning to Chinese imports.

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