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China is probably doing it for geo-political purposes (ie: if there is no oil, I can still move people with trains). They are ready to take a financial hit for
by csomar 1y ago
China is probably doing it for geo-political purposes (ie: if there is no oil, I can still move people with trains). They are ready to take a financial hit for that safety net. Europe is in a similar predicament but even the Russian war didn’t seem to teach them a lesson?
- dzhiurgis 1y agoThere already more people in EVs than in trains
- kragen 1y agoTrains also enjoy great economies of scale, so once you have high ridership and an extensive network, you aren't taking a financial hit anymore. For medium distances, like 300–3000km, trains also provide speeds that passengers can't get any other way, because they avoid the huge overhead of going through an airport. It's an investment, not an expense. But China has also electrified a lot of its cars and trucks, and continues to do so rapidly.