Quote:
Originally Posted by Street Pharmacist
Ev sales in China are now over 35% and as car ownership is growing there isn't a large installed base the penetration is rising quickly. They could be over 50% new car sales by next year and probably over 50% of total vehicles within 3 or 4 years
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What is the breakdown of electrical generation sources for China? EV's are great but are only one part of the equation. If (for example) China is generating a large portion of their electricity from coal generation and the environmental standards are low it could conceivably be worse having EV's than ICE vehicles. In the short term anyhow, until generation goes green as well.
And I say this a a guy who's generally supportive of EV's, there is absolutely a place for them and China is a fascinating market to watch for the reasons you state.