Yeah right. China has a double problem. The smaller one is that they recognize that their poisoning the air cannot continue forever. Sort of – if their money-making machine should ever suffer from that then they won’t care too much anyhow. But the bigger worry is that China is utterly oil dependent. They need imports – lots of it. And they know that a potential US naval embargo would have disastrous consequences for them. So, they want to get off this as good as they can. Running vehicles on coal (thats what EV’s get there) might be a solution for them. Besides, their economy has hit a snag and creating artificial demand in order to keep its machine busy is no strange thing to China.
China’s move to replace a 300+ million fleet of combustion engine cars is a huge operation, and sends ripples through both the automotive and energy sectors