Primary reason I don't understand the call for "drill baby drill". We'll end up with oil and needing to sell it for much cheaper than anticipated because the demand is low.
this post was submitted on 29 Nov 2024
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This makes me wonder if China will be a geopolitical target for the oil nations like Russia and the Middle East. The Saud and Putin are both close enough to Trump that direct action seems likely.
This makes me wonder if China will be a geopolitical target for the oil nations like Russia and the Middle East.
Russia can't afford to stop selling oil to China. Its one of its few customers left to sell oil to.
China is Saudi Arabia's largest customer. Saudi Arabia can't afford to piss off China.
This makes me wonder if China will be a geopolitical target for the oil nations like Russia and the Middle East.
More like the other way around. Without the demand from China, Russian oil industry, and their whole state is fucked.
China’s sales of electric vehicles and hybrids have in fact reached a tipping point. They’ve accounted for more than half of retail passenger vehicle sales
If you have cheap electricity and cheap batteries, people will buy EVs. Colour me surprised.
If you have cheap electricity and cheap batteries, people will buy EVs. Colour me surprised.
Cheap EVs is part of it, and that part is subsidies from the government, but China has also increase the registration cost of pure ICE vehicles. Yeah, you can still buy them, but they'll cost you a lot of extra money to register them to be legal to drive on the roads in China. On top of this, in major congestion areas, you have to get entered in a lottery to even get a license plate (ability to register a car). The government in China continues to reduce the number of ICE license plates available, and increases EV license plates. (source)
So its a lot more than just "cheap electricity and cheap batteries" in action in China causing this massive switch to EVs.
The government in China continues to reduce the number of ICE license plates available, and increases EV license plates. (source)
Afaik, they had (still have?) a massive air pollution issues in certain areas. This looks like attempt to alleviate these problems
Exactly this. Green license plates (EV-exclusive) are also a bit of a status symbol in China.
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I would love for this to happen, but it just seems to be another reason why Trump wants tariffs on foreign EVs--both Elon and the oil/car execs don't want clean, affordable vehicles! They only want us buying gas-guzzling tanks or deregulated, overpriced Teslas.
Maybe a silver lining is that this would free up these cars to be sold in other countries that have cities drowning in smog.. if cheaper EVs are available there it might dramatically improve the health of these cities and all their inhabitants..
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