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The electrical automobile transition is properly underway in China: Final 12 months, roughly one-third of all new automobiles bought within the nation have been electrical. One EV firm predicts the share will cross 50 p.c by June 2024.
Extra broadly, round half of China’s whole put in electrical energy era capability comes from non-fossil gas sources, together with hydro, photo voltaic, and wind energy.
What does this ongoing transition away from fossil fuels imply for China’s oil business – and the way will a slowdown in China’s imports ripple world wide?
Dr. Erica Downs, a senior analysis scholar on the Heart on World Vitality Coverage at Columbia College SIPA, discusses the financial and geopolitical impacts of China’s power transition.
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