"The fossil fuel industry invested $75 million to secure Trump's victory, and now they're expecting a return," said the executive director of Oil Change International.
Not that fast. 90% of Chinese vehicles are still ICE. Consumption is low right now, they aren’t buying enough of the EVs yet. And you have to think beyond EVs - industrial production scaling up will also consume a huge amount of oil and gas. If China wants to keep meeting their growth target, consumption has to go up.
Not that fast. 90% of Chinese vehicles are still ICE. Consumption is low right now, they aren’t buying enough of the EVs yet. And you have to think beyond EVs - industrial production scaling up will also consume a huge amount of oil and gas. If China wants to keep meeting their growth target, consumption has to go up.