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.
Big manufacturing stands to benefit from this too.
Lubrication and grease is a big fucking industry. Everyone needs it, from automobiles to machines binding beds together to bridges and, hell, everything, EV’s even. The cheaper oil is, the cheaper that gets, and I know I’d love to walk away from a $35 oil change.
Fuck China. Any news coming out of China is a lie. Grow up.
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.
It’s like they didn’t learn a goddamn thing from the 70s and the better, cheaper, more fuel efficient cars imported from Japan.
It’s more like the lessons of the 70s don’t apply to people like them.
You do know we already have 100% EV tariffs from Biden, right? I don’t think Trump even needs to extend them, but I could be wrong.
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.
Not if the batteries are cheap. I dont want a car whose batteries die after 1 year.
Give me good batteries
That’s very good for them. I’d also like to see them going less dependent on energy for production facilities they import from like Kazakhstan where they just burn coal. As the world’s first, leading factory, they are able to set the trend for everyone else.
What’s with the title?! Here’s my alternative: China’s EV boom makes a dent in fossil fuel consumption.
Do you know what the word “threatens” means?
You obviously don’t know how fast China’s been manufacturing cheap EV’s and solar panels. There’s a reason oil lobby owned politicians are trying to ban them from being imported.
I may have heard.
The biggest threat China presents to fossil fuel consumption is future economic growth. Putting 1.4B people into ICE personal vehicles would be a nightmare.
Their battery tech is going to spare the globe generations of future consumption. They’re doing what Americans should have done 20 years ago, taking ICE engines off the market before they’re built.
Those OPEC Countries, who rely on ICE Engines like they’re a future ATM Machine, are just maddening. They’re a HIV Virus plague on the world and NASA Administration need to launch them into LEO orbit.
It’s Bloomberg. A rag for capitalists, by capitalists. Less fossil fuel use is bad for them because it hurts their portfolio.
So they’re trying to crash the oil stock?
Sometimes China does good things.
Often times. Most of the bad things you’ve heard were probably made up anti-China propaganda.
Uyghur Genocide
Violating the sovereignty of Taiwan
Unprovoked attacks on boats in nearby international waters
Lying about being communist.
Which of these are made up?
It’s a while ago but you missed one of their earlier genocides, that is still ongoing, in Tibet.
Uyghur Genocide
Point to the community in Xinjiang that looks like Gaza City
Violating the sovereignty of Taiwan
Imagine China encircling Puerto Rico with its navy, then complaining about the US violating its sovereignty.
Taiwan has been contested territory for centuries. The US attempting to colonize it doesn’t reflect poorly on China.
Lying about being communist.
Americans can’t decide if China is bad because Communist or bad because Not Communist Enough.
I’m not defending American imperialism.
It’s a nice graph, but it’s only a projection and I’ve seen those go to shit before.
Ah yes, the graph shows the demand of gas increasing from 2022 to 2024 despite EV’s becoming exceptionally cheap there in the last couple years, therefore the demand for gas will completely crash in the next couple of years, great projection.
