3 ms·
China gets it. There'll be little action unless renewable energy is cheaper than fossil fuels. When EVs are cheaper than ICE cars. The cost and availability of
by nojvek 2y ago
China gets it. There'll be little action unless renewable energy is cheaper than fossil fuels. When EVs are cheaper than ICE cars. The cost and availability of goods is a powerful force.
Solar panels are the cheapest form of energy, half the price of US panels. EVs are cheaper than ICE cars in China. EVs already make majority of new cars sold. If US allowed tariff free imports of BYD, they'd be the best selling cars in US.
Yeah China had to subsidize and get their industries jumpstarted. They're flourishing now.
Economic policy ultimately dictates action.
Biden tried and Trump is likely to reverse it. China has a blessing and a curse of being able to plan and execute long term.