<
https://www.telegraph.co.uk/business/2023/04/07/chinas-green-leap-forward-is-a-nightmare-for-saudi-arabia-a/>
"The existential threat to Saudi Arabia and the OPEC cartel comes from China,
not from net zero or from green deals in the West.
Chinese sales of petrol and diesel cars fell 20pc in absolute volume terms in
February from a year earlier. Sales of plug-in electric vehicles kept rising
explosively and reached a record 32pc of the market for standard passenger
cars.
At the current pace, EV sales in China will hit eight million this year, helped
by the proliferation of battery-swapping stations. Rather than charging your
own car, you do an instant swap. No need to wait. No need for charge-points
everywhere.
Sales have surged despite the elimination of subsidies at the end of last year.
China’s best-selling EV is the BYD Song Plus, which retails for about £22,000. Number two is the smaller Wuling Mini. It starts at around £4,000 (not a misprint).
“They are producing cheap EVs for the mass market, which is still completely
lacking in the West. It is absolutely taking off,” said Lord Adair Turner,
chairman of the global Energy Transitions Commission (ETC).
The consensus forecast until recently was that EV penetration would reach 40pc
of Chinese sales by 2030. That threshold could be crossed as soon as this year
if manufacturers can produce fast enough to meet the demand. “We think EVs will
reach 80pc of sales in China by 2030,” said Kingsmill Bond from energy
strategists RMI."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-women-uzbekistan-conservation-colombia-river-florida/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
