[lbo-talk] China aims at electric car domination

Steve Horn steve.horn at uwalumni.com
Tue Sep 12 15:56:01 PDT 2017

And in China that means coal-fired electricity. No such thing as a free lunch with regards to energy usage and consumption.

On Tue, Sep 12, 2017 at 6:13 PM Marv Gandall <marvgand2 at gmail.com> wrote:

> The Chinese government is planning a complete phase out of gasoline and
> diesel vehicles by 2040, a move that follows an announced ban on sales of
> the internal combustion engine in France, Norway, and the UK over the same
> period.
> Unlike Europe, however, China is the world’s largest and fastest growing
> auto market, and the PRC’s accelerated turn to electric vehicles will be
> decisive. Besides giving Chinese firms a competitive edge in the global
> auto industry, it will hasten the switch to EV’s by US and European
> automakers looking to sell into the Chinese market, now their major source
> of growth.
> "Last year, total vehicle sales in China reached 28 million, up 13.7% from
> the previous year (while) n the U.S., 17.5 million vehicles were sold and
> growth remained nearly flat”, reports the LA Times.
> See:
> http://www.latimes.com/business/autos/la-fi-hy-china-vehicles-20170911-story.html
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