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China's current dependence on long petroleum supply chains from Russia and the Persian Gulf to fuel their current fleet of cars and trucks is a weakness, and Be
by hollerith 2y ago
China's current dependence on long petroleum supply chains from Russia and the Persian Gulf to fuel their current fleet of cars and trucks is a weakness, and Beijing is quite rationally responding to that weakness in national security by investing heavily in EVs.
To power all those EVs, China's adding coal-fired electrical generation capacity at a very rapid pace. (China has plenty of coal.)