How China’s EV Boom is Reducing Global Oil Demand

[@ysgoh1981]

I was in Beijing recently after 5 years. The sky was blue and the roads were quiet. EVs' impact. Amazing!

[@stanmitchell3375]

Solar power instead of coal

[@sanchatjee]

China's pollution was primarily due to pollution from coal based thermal power plants.

[@tuber6382]

@@ysgoh1981 too bad Trump is taking us back to oil and eventually coal to save coal jobs. Longshoremen are back on the job and whaling ships are soon to be setting sail for that whale oil to power all those lamps downtown. America will be great again I'm certain.

[@redwhite_040]

@@stanmitchell3375 China uses more coal then ever

[@Geoff-j4b]

I bet thier glad that the west stopped them from expanding tier coal dependency, no more coal plants OK we will take over solar.

[@DeniSaputta]

Unlike oil companies in the west who are fighting back against electric cars . Petrochina .Chinese state-owned enterprise . Even turning their gas stations into ev charger stations . And support the shift to renewable energy .

[@DeniSaputta]

Unlike oil companies in the west who are fighting back against electric cars . Petrochina .Chinese state-owned enterprise . Even turning their gas stations into ev charger stations . And support the shift to renewable energy .

[@lvjinbin28]

Because these state-owned enterprises serve overall interests of the country not certain billionaire.

[@GWAForUTBE]

Because these big oil want to continue extorting their customers with a monopolized product, knowing the future is electric

[@peterwilliams7335]

What China has done in the EV industry is an achievement that no others can match. China has done tremendous positive contribution to the world in combatting the climate change and that is far more than any of the Western powers has done. It was the western powers who complained about China’s pollution situation and demanded China to do more about it. Then China invested most in the fields of renewable and clean energies and become the leader in EV industry. China also is the leader in battery technology that is the core technology of EV industry. China has done what other could not have in came up with EVs that are more affordable and with more advanced technology for the entire world to consume and to benefit from. This should be a celebration because this is the biggest contribution to the world in combatting the climate change. China’s pollution situation has improved tremendously and have met safety level in every cities. Almost all of the vehicles used for public transport are EVs and 70% of other vehicles are EVs as well. Why all of the sudden, Western powers slowed down on the implementation of EVs? There are plenty demands for EVs but the Western countries led by the U.S. do everything to stop the use of Chinese EVs even they don’t have the capability to produce their own. What are control freaks and doubt standard idiots!

[@Kevriyal5654]

Solid comment

[@selenium-es7hl]

Western countries led by the US is called the anglo-sphere (UK, Canada, Australia, US, New Zealand, and some NATO countries.

[@tonypapworth4902]

And they use 3,092 coal powered power stations…..

[@GWAForUTBE]

​@@tonypapworth4902 thier coal plants are being disembled for solar.

[@newsgeekus1216]

@@tonypapworth4902. Yes, China is building more coal power power plants: however, these are more efficient plants replacing old efficient coal plants. Net result is that China is using less coal, which is impacting their major coal suppliers, including Australia.

[@thunderstrom7157]

Good job china for reducing pollution and making a new ecosystem

[@clearminds22]

Imagine if this were adopted globally instead of wasting money on tradewars & wars...

[@brettgracey9682]

It will be adopted globally. It will happen because of economics. It’s not a question of if, but when.

[@jacqueslee2592]

There will be a reduction in terrorism for sure. Saudis no longer control the oil economy and hence they will no longer use terrorism as a pretext to inflate prices. However, indubitably, the Saudis will plan to destabilize the Xinjiang region along with the help with CIA.

[@martynhaggerty2294]

Another advantage of the falling oil price is that fracking becomes too expensive. Thankfully, this dangerous practice will stop .

[@brettgracey9682]

Don’t forget about dirty oil sands remaining in the ground.

[@giancarlopellizzari1751]

@@martynhaggerty2294 fracking is disgusting!😬

[@kevinmanan1304]

Same with oil rigs out in the sea. They turn those off if oil is too cheap (operating at a loss).

[@hayden1770]

It's my hope that American fossil fuel companies go out of business.

[@okwatever3582]

China is doing climate the favor. While we’re still trying to tariff it, what a ridiculous move considering we’re trying to reduce emissions. And we got the stupid Trump baby drill situation. Lmao.

[@eddieds312]

Its because of United Auto Workers Union "UAW" If they allow chinese electric cars to be sold in the USA for $20k alot of people are going to get laid off. Its good for union workers but bad for consumers

[@ChristianThePagan]

⁠​⁠@@eddieds312 That’s giving the UAW credit for having waaaay more influence than it actually has. What’s keeping Chinese EVs out of the US are US auto and Oil industry executives, lobbyists and politicians from both of your parties, y’know people who have direct access to the White House.

[@saellenx3528]

You are not trying to do anything. You tried to sell that story since you thought your companies and elites would hold all the chips.(not you personally) Now that it's clear that won't happen, you're slowly changing the tune. What did he say? Drill, baby, drill?

[@Abcd1234-q4v]

Imagine the whole world adopting the use of EVs on the roads. Immediately air pollution from ice cars would come to an end, we could breathe easier, a breath of fresh air literally.

[@sewur5034]

Ye but its not like we can afford to switch to it immedietely. It's like saying if you are homeless then buy a house...

[@ME-xc1st]

@@sewur5034 $10k seagull EV is easily affordable instead of $50K garbage US EV

[@ChinaSongsCollection]

👍👍

[@chiangchengkooi9791]

I was in one of the Indoor taxi / cab pic up station. It is indoor All the cars there are EV, even it is indoor, no smoke and sound pollution.

[@exploreandunravel5773]

its all smoke and fire when the EV batteries catch fire 😂

[@AfePooq]

​@@exploreandunravel5773there is no smoke and fire when ICE cars catch fire?

[@douglascutler1037]

"Drill baby, drill." Right, it will soon be a big joke. Soon, oil producers will be saying this: "NO, NO, NO, don't drill!. PLEASE DON'T DRILL!!! Demand is dropping and increased supply just drives down the retail price!"

[@Michaelcj-m2d]

Those SUV drivers need alot of oil 😂

[@douglascutler1037]

@@Michaelcj-m2d But world's largest auto market China needs less and less oil. That's the point. New EV is soon approaching 60% market share in China. Oil price is dictated by the world market, not just domestic. Less oil demand for China means more supply for the world, means lower price pressure at pumps, means less incentive for "drill baby, drill."

[@brettgracey9682]

Drill baby drill was a joke when he said it. He doesn’t know it though, still doesn’t, nor do his supporters.

[@hillli2971]

The EV industry has had an immeasurable impact on the upgrading and transformation of the power industry. China, being the largest producer and consumer of solar panels, is constructing massive photovoltaic power stations in its western deserts to replace coal power. Pollution from coal power in China is rapidly decreasing, and significant progress has been made in long-distance power transmission technology. As a result, Beijing’s air pollution problems are gradually improving.

[@mateom6596]

I live in the us and our Evs are still quite expensive - us firms need to get battery prices under control

[@CONTINENTALSONGS]

Check India's mahindra be6. Even inia is going ahead of usa😅

[@jaffaraziz1410]

Lol ​@@CONTINENTALSONGS

[@mattluck2826]

Love this video. China really is the golden center on green zero initiatives. They didn’t shut down every oil well in the country, kept them open etc, but also invested heavily into green technology such that their transition would happen in a manageable fashion. This is why I believe in the superiority of communism. Their major industries are more competitive, cheaper, and efficient and they just get it done. In the west we got oligarchs buying elections to safeguard their businesses.

[@Extra-Celestial7]

It's strict rules and disciplines, not Communism. China is deeply influenced by Confucianism, they're a communist in name only.

[@peterkaye9221]

We still need oil, always will, there are many other things that we use that are made from oil, ( plastics ) so they need whatever oil they still produce, all bearings still need grease, that’s also made from oil, hydronic oil as well, there will always be a use for oil,

[@Johnnydoenyc]

Agreed. Except China isn’t communist. It’s socialism. With a huge dose of state controlled capitalism. People often ask why they are called the communist party. The same reason we have Republicans and Democrats who have nothing to do with republicanism or democracy. It’s just a name.

[@Ben-dH]

That has very little to do with communism. China’s system has little to do with communism for that matter. Also, dumping huge quantities of overproduced materials on other markets has little to do with efficiency. China certainly does some things well but it’s not all sunshine and rainbows

[@peterkaye9221]

@ oh dear, this is so stupid, saying China dumps overproduced products, that is just not true, and a lie, China doesn’t dump anything anywhere, everything is bought by companies for resale,

[@peterkaye9221]

The thing is there will always be a use for oil, this just insures that oil will last much longer in the future, so it’s actually a good thing, maybe not so good for oil producers, but certainly for the rest of us,

[@krnpowr]

Oil will always be used, but it will become a niche product just like coal has become.

[@ah5878]

Mother Earth thanks you China.

[@paulbo9033]

I work in the Energy industry very close to key decision makers. They are already diversifying away from oil. 40% of oil demand is from transport and due to China leading the charge with EVs, that demand is dropping like a stone. There is also over-supply in the market which will get worse, OPEC will almost certainly cut production further to try to stabilise the price in the $70-80 zone for as long as possible. Anyone long oil is screwed. There is a reason Saudi Arabia is diversifying its economy.

[@giancarlopellizzari1751]

Great video. I'm driving a BYD.😊

[@ongsengkee2530]

Me too...great car👍👍

[@matpk]

Shite Box

[@user-gp9mk7wm1s]

My next car BYD 😄

[@Tbilisiishere]

So interesting about next 5 years for Saudi Arabia and satellites economies . Golden age is gone. Everyone want to drive EV or Hybrid car.

[@vegamoonlight]

The oil-producing countries are already aware that fossil fuel will deplete eventually so they are diversifying their economies. Good thing there are EV's for these MidEast nations won't have to rely much on fossil fuel.

[@Tbilisiishere]

@ Iran all country in darkness with no electricity we see now. Great diversity 👍

[@AfePooq]

​@@vegamoonlightthey can only "diversify" with oil money. Once that is gone, all their investments in e-sports, football, tourism etc. will disappear. Their investments cannot sustain themselves

[@willeisinga2089]

China installs 200 GigaWatt Solar Every Year. It has 800 GigaWatt in 2024. 1000 GigaWatt Solar in 2025. In 2030 China has 2000 GigaWatt Solar. Windpower the same. Every year 250 GigaWatt Windpower added. From now 500 GigaWatt Wind Power to 2000 GigaWatt Wind Power in 2030. Clean Air Blue Sky Health Better Life in China.

[@Sam-d8o6q]

They will reach a saturation point in a few years. You can’t keep adding solar at these rates forever. Especially if other countries are not willing to absorb the photovoltaics and want to build their own.

[@willeisinga2089]

@Sam-d8o6q China does it. Solar Wind Power Lines EV Cars Busses Scooters. China produces Cheap Solar Panels with Cheap Solar Power. There is no saturation point. 👍🌹

[@liuantony638]

@Sam-d8o6q Saturation point will be in 30 years. At that time, the overall elecric power generation will be doubled compared with 2024. and wind and solar will acount for 60~70% of total elecric power genenration. and We have a plan to reach carbon-zero by 2060. you know, when China makes a plan, it is a serious plan and will be achieved.

[@xdhwowbob]

@Sam-d8o6qwhat you said doesn’t make any sense. It is liking saying people will die in several years so Let’s stop living.

[@quand_meme]

Both coal and solar are bad for environment. Do you know what area needs to be covered with panels? This is ridiculous and frightening.

[@johnwe4431]

great news for those countries don't have much oils, they don't have to spend money to import oil soon, the sun and wind can power their car, how amazing.

[@jclive4773]

the funny thing is that folks think that these oil barons will carry on digging for oil so they don't go without. There will be a race to the bottom due to too many suppliers and then the cost will rocket, it's just economics

[@douglascutler1037]

Oil execs are already planning their exit strategies. Just don't tell the small time investor.

[@jacqueslee2592]

There will be a reduction in terrorism for sure. Saudis no longer control the oil economy and hence they will no longer use terrorism as a pretext to inflate prices. However, indubitably, the Saudis will plan to destabilize the Xinjiang region along with the help with CIA.

[@Syn4kh]

We only have 38 years of oil so obviously it is coming to an end

[@tutorialespedronieto8023]

Gulf countries will have to start working. Lol

[@ChinaSongsCollection]

It's going to be tough for them. But I hope they'll find a way out. But they must act fast.

[@austriasalzburg]

​@@ChinaSongsCollectionAnd Russia is spending all its oil money on a brutal and useless war in Ukraine😢😢😢 Now Ukrainians are suffering but Russians will suffer without oil money...

[@verttikoo2052]

It is not only China. Europe is also using less and less oil.

[@Dr.Gehrig]

Yes. Yes it is. It's important to recognize that most of the most populated nations like China and India, as well as many developed nations like Australia, Korea, Japan, and the EU DO NOT produce enough oil for their own needs. And if they want true energy independence, they need to go EV. Which is why they will, Saudia Arabia, OPEC, Russia, and the US (at this point) as major oil producing nations are currently dedicated to slowing this transition for their own gain... despite the millions of annual deaths of the resulting pollution and push for a mass exinction event via the climate crisis. Stay tuned to see if the switch is made in time.

[@rajanbhole1448]

Indias renewable energy has crossed 30 percent .and evs are 3 percent

[@animeshverma-5398]

Clean and Green Energy should be the future to keep our planet clean and global warming in check . China is doing a commendable job 🎉

[@GOBEF3]

👍 Confucius speech China👊

[@michaelbartlett6864]

Yes, the end of oil is on the horizon and Chinese inovation is the reason.

[@jimliu2560]

So why is gasoline still $4/gal..?

[@2mallikharjuna]

Cutting the production

[@DeepztBlu]

And the US is now determined to become the villain in this movie about saving the planet.

[@Reddylion]

Ev good, oil mafia. Saidi arabia monopoly must stop.

[@muhammad-bin-american]

Excellent news!

[@tuber6382]

Whaling ships!!! Trump is taking us back to the day of lamps burning whale oil

[@David-p9y9c]

And witch trials

[@2mallikharjuna]

😂 Trump is still not president yet

[@mentalframer]

Isn’t China still the largest user of coal to produce electricity?

[@maynotbe]

yes, and also largest producer of clean energy but they're transitioning away from combustion energy, that's how you do it, not suddenly as the EU did, & crashing the economies

[@pooroldpedro]

yeah, they use coal where other countries use gas, and their electricity production has tripled in the past 20 years so all sources have increased, but it's changing fast - in 2024 they built 9GW coal power and 400 GW wind & solar.

[@sunshinesun121]

Last year ONLY 1 Coal Power Plant was APPROVED. Afetr 2026 there will be NO LONGER demand for COal Plants. Current Coal Plants are being UPGRADED to HIGH PURITY Plants thus reducing pollution. 30 Nuclear Plants are being BUILD and by 2030 it will be ONLINE. So .... 2030 onwards .. Coal Plants will be SHUT DOWN. ... Check EU and US to see if their COAL PLANTS are clean and within pollution values !!!

[@peterkaye9221]

@@mentalframer that’s why they are working hard to get away from that, they are also working on safer better nuclear power plants,

[@Discovery2024-rn8kn]

Meanwhile in USA "drill baby drill"

[@scspolitical]

Good job China

[@tysonmwebia6806]

Nice analysis.

[@gioutsosmethaniwths4501]

Well oil prices have to come down a bit we pay 2 euro per liter where i am for years now.

[@simray7602]

Even if you like oil car, you should support China EV, the more EV on the road, the cheaper gasoline would be .

[@FlameofDemocracy]

The opportunity profit streams related to avoiding fossil fuel costs are extremely attractive, given exchange rates.

[@prasanthsagar8732]

Oil consumption by automobiles is very less in overall oil consumption. But still important

[@atomicmuffins1328]

Correct but passenger transportation is the low hanging fruit for EVs in their infancy. As energy density improves and charging infrastructure becomes as common as gas stations are today, other facets of the economy will transition.

[@HarjinderSingh-hg8hz]

It is great to see this change

[@ecofriend93]

If you are gonna say, "link in the description" please make sure that the link is, in fact, in the description.

[@rallyworld3417]

Question .. so why is lithium prices going down??? Isn't china biggest consumer????

[@dennisliebig7622]

1:40... Wonderful

[@michaelwilliam7622]

Slow down in oil but a new coal plant is opened every week……..

[@MyKharli]

Yet GHG are accelerating upwards at their fastest ever rate so i guess just focusing on ev for a climate solution is nowhere near enough .

[@brettgracey9682]

It’s not, but there are also lots of other innovations that are coming online that will drastically reduce gig emissions. Just think of the 25% of global green house emissions that are industrial based. Much of that can be replaced by thermal heat storage powered by renewables. Also half of global shipping is to move oil around. When that’s gone it also eliminates a huge source of the dirtiest fuel burnt. District and area heating fuelled by thermal storage powered by renewables. Home furnaces will move to heat pumps which are more efficient, and can be fueled with home based solar. Anyway you slice it we are going to cut our emissions in half in the coming decade, for one simple reason, economics.

[@maynotbe]

to win the economic war, comes from one thing (energy cost)

[@byddf]

The video cover picture is a joke to me. BYD Shark is PHEV, that means it is refuelable. So the oil will not end.

[@OptimusPrime-x9x]

China wasn’t heavily invested in fossil fuels because they have to import most of their oil and gas.

[@jameswalker7138]

MORE OIL AND GAS FOR US 👍😲 OH NO

[@cback12]

What if I told you 2025 is going to be awesome for energy stocks and no EV

[@Ghostface615-f5x]

India should follow ! Indian cities are so polluted

[@jeremypearson6852]

This is going to be very bad for Russia. I mean they have nothing else to offer except oil and gas. At least the Saudi’s recognize that and are divesting their economy to other things.

[@CesarAnton]

They have outstanding engineers in all areas, talented software engineers are particularly valuable these days. They could go back to exporting top talent.

[@st-ex8506]

@@CesarAnton Oh! They already have! Russia's best young engineers and promising entrepreneurs left the country by the hundreds of thousands, if not a million or so, in September/October 2022!

[@dennisrichards7994]

@@st-ex8506 You are talking crap , Russia have just beaten ASML in lithography machines , and without Russia you can kiss the nuclear industry goodbye and they lead in just about all industrial tech and their weapons cream anything the west has !!!

[@sunshinesun121]

Russia has GAS(LNG) and Oil. China still needs oil for their Ships and Air Crafts. Power plants also use LNG . And Hybrid Vehicles will still use Oil.

[@st-ex8506]

@ but all those uses of oil and gas are 80-90 % going away within the next next 20 years! So, Russia (as well as a number of other countries) is financially toast in the not so distant future. Oil executives know it very well!

[@simon685]

why people complain about subsidy.i say. lets give subsidy to all green enegy related industried .lets compete in which country can make world a better place by give subsidy more to the industry

[@BoyPenTa-o8b]

Will not happen when Hydrogen powered is released

[@HO-mg2yl]

INDIA should allow BYD TO PUT PLANT IN India

[@HatBilly2008]

And when China cuts 90% of there oil usage then the world will be watching 😂. Funny part is everyone else could have done it too

[@deamer44]

Is this written by an AI?

[@timh.2137]

It will have no impact!

[@Hdhfhhdh]

lol for all those people saying ev is good for environment could you please explain how these EVs are powered and amount of pollution created when mining rare earth materials for EV battery?

[@TheSolitere]

Sorry they would´t make any EV at all without oil...

[@peterazlac1739]

Then you would be grossly exaggerating since there are only 40 m EVs in the World but oil use is still growing and it has ben calculated that is all current IC cars globally were replaced by EVs it would only reduce oil consumption a maximum 10% but that is not a possibility since there are not enough of the required minerals being mined or likely to be mined in the next 10 - 15 years and if there were there is not enough power capacity to charge them as a reasonable cost in competition for that power from AI, digital currencies and other internet uses. It is not even rue of China whose oil imports are rising year on year.

[@Wasengenyie]

A demand reduction of about 5% creates a price decline of about 40%

[@peterazlac1739]

@@Wasengenyie You are assuming oil is only used for transport but that is a minor use. Most is refined for the chemical industry to make plastic and especially the plastics that go into clothing. The increased global population and increased wealth of the global South will increase this and other markets for refined oil. Also, Opec and others adjust demand to keep the price up.

[@designingoutcomes]

stop the ai youtube channels

[@redlion45]

Send us the byd seagull plz uwu

[@jackreacher8858]

NO DRILLING BABY NO DRILLING .................... HAHA .................... HAHA ...............

[@SuperDarknyt26]

i dont believe it😂😂😂 as long as the mineral extraction, manufacturing parts of ev, power producing plant , using fossil fuels😂😂😂 recharging 😊power from fossil fuel to fossil fuel produce Electric vehicle😂😂😂😂

[@anti-christ.666]

🤣🤣🤣 Except now China is now the #1 consumer of coal. Not the cleaner burning coal the US uses either.

[@youtubetebie7799]

WEST likes pollution

[@pewnicks2015]

China vs arab 😂

[@NateK-o2y]

EVs blow👍🏻

[@Nick-io9uk]

I doubt its Electric cars, no one wants them. We do want, and are buying e-bikes and e-scooters however. Thats probably why demand for oil is falling.

[@ivojanssens221]

Show the graph of China's coal consumption, then you will know where all this "green" change comes from. But for the cities it is indeed good, less exhaust fumes but for the environment nothing changes.

[@sunshinesun121]

Last year ONLY 1 Coal Power Plant was APPROVED. After 2025 there will be NO LONGER demand for Coal Plants. Current Coal Plants are being UPGRADED to HIGH PURITY Plants thus reducing pollution. 30 Nuclear Plants are being BUILD and by 2030 it will be ONLINE. Wind Power and SOLAR are increasing Rapidly. With Battery Stations .... COAL PLANTS will no longer be required. So .... 2030 onwards .. Coal Plants will be SHUT DOWN progressively. ... Check EU and US to see if their COAL PLANTS are clean and within pollution values !!! And EU are quietly building COAL PLANTS.

[@mungrel6668]

100% BS...

[@jebes909090]

End of oil. Resurgence of coal 🤣😂😂

[@bluediamondtech4680]

Wow alot of you people in the comment section are so stupid there is nothing green about evs for starters were does the eletricity come from to charge your car wind solar nope keep drinking the green coolaid lol

[@pistnbroke65]

I have been seeing a bunch of ev bs in my feed , watched a couple but they seem to be 'Propaganda' or at least green washing!

[@andrewjoy7044]

I think you should become familiar with the facts and not the fiction that FF companies and far right wing media put out. Experts have modelled emission pay back time for EVs as between 6 months (Norway with mostly renewable energy) to 5 years (Where coal is the main source of electricity). Worldwide power electrical generation is becoming more renewable whether you like it or not, so EV emmissions pay back will reduce as time goes by. Go Google the facts. There are many well researched articles explaining how much better EVs are for the environment as well as saving people money in the long term.

[@SaltMinerOU812]

Lol not a chance.. those are absolutely horrible for the environment. They're useless in cold environments. They tax the electric grids. Absolutely not. But that will help bring gas prices down yeehaa

[@Rok-x5x]

Never relay on one source of energy and down with communism

[@sunshinesun121]

Yes...US has Superman, Batman, Ironman, etc.. How is the USA doing ?????

[@Rok-x5x]

@sunshinesun121 getting the world ready to watch the newest superman movie hopefully in imax 3D then we go out and talk shit about our president yeah democracy!. How's communist china I mean Hong Kong doing?

[@Rok-x5x]

@sunshinesun121 glad to keep you entertained while you're living under communism u see we can think freely ie the movies u speak of vs though controlled china lol still waiting for the knock off batman movies 😆 go get a life in ur ev.

[@jayantkumar2314]

I smell propaganda

[@metaljuan]

Great propaganda

[@sengwesetogile6054]

Lol. They are coming for you!

[@Digibeatle09]

As an EV owner - here in Europe - I think this video’s creator is losing the run of himself - it’s far from clear that China can continue to provide the levels of subsidies that it has been providing (basically China’s public finances are in poor shape - check informed videos on KZbin if you don’t believe me); secondly the spending power of your average Chinese has declined (plenty of stories of Chinese industrial workers being owed wages for 5 or more months - check the videos) - so it is to the rest of the world that China must expect to sell all its EVs; unfortunately EV purchases of models such as the competitively priced BYDs are far from spectacular in W. Europe and N. America - people are hanging on to their ICE cars as they face rising food and energy bills and rents - also there simply isn’t the car charging network sufficient to make wide scale adoption of EVs feasible - and - in W. Europe anyway - it’s doubtful the huge additional amount of electricity generation needed to power the millions upon millions of EVs (that the Green lobby envisages) can be brought on stream anytime soon. Conclusion - I like the fact that my EV doesn’t spew out stuff that pollutes the air - but - whatever about the long term - China may - in the next 5 years - have the highest number of EVs on the road of developed countries but I doubt that - even in 10 years - the rest of the world will see an EV revolution - more likely a severe, prolonged recession !

[@sunshinesun121]

Do check your Facts . And visit CHINA !!!!

[@vegamoonlight]

😂😂😂😂 I D I O T Your sources are Serpentza and China Observer, right? Btw, China has trillions of dillars of reserves from its trade surplus and it owns the top largest banks in the world and many of the Fortune 500 companies and yet you mentioned about China experiencing poor finances. Your comprehension skills in Math, Accounting and Economic subjects are terrible. 😂😂😂😂😂 You only rely on Fake news from the West.

[@mikestewart4752]

Is this a joke? 🤦‍♂️

[@tyrismaxey]

Soooo what energy source will fuel the batteries in the EV? Ohhh OIL!!! Wtf

[@risikocontrollingmr.1833]

Oil is not a big source for electricity in China.

[@tyrismaxey]

@risikocontrollingmr.1833 China uses 15M barrels of oil a day!! Or 15% of the world's consumption. What are you talking about?

[@risikocontrollingmr.1833]

@ you know that you use oil for the whole organic chemistry and for driving around with a ice car?

[@tyrismaxey]

@risikocontrollingmr.1833 and charging EV batteries. You can keep making yourself look like a fool of you want.

[@sunshinesun121]

Never heard of Nuclear Plants ( WHICH US has LOTS) ??? Oh .. USA burn OIL to Power their Power Plants !!!

[@ThePatriot_Ranger]

A government enforced ev push doesn’t really tell me that oil is in trouble lol. But I guess I see how someone who thinks governments should control everything forcing their people to buy evs is in fact a real market shift but sorry to break it to ya lol.

[@JABelms]

No, EVs are so cheap in China that there is absolutely no point buying an ICE car and pay for gas while car enthusiasts there are rich enough to pay a tax to keep their ICE car. China is literally technologically 20 years ahead of USA in technology application.

[@GWAForUTBE]

The mandate is important. Any big auto could have sold us million mile vehicles 50 yrs ago. They chose to extort their customers with " Designed to Fail " ICE junk. They are ALL avoiding the much simpler EV because it is far more difficult to utilize this scrupulous tactic .

[@ThePatriot_Ranger]

@ it’s cheap because the government set it up that way. Not hard to do when you control every aspect of the market. They are 20 years ahead in the technology that keeps your citizens on a knee sure. Keeps slaves in the mines and children from jump off factories they are so miserable working in sure.

[@ThePatriot_Ranger]

@ well I agree with you there the system has been turned to screw everyone and extort money from them sure. But that’s not how it’s always been and that’s now how it always has to be either.

[@sunshinesun121]

In ASEAN countries .... FACT ......... Many of its citizens WISH for COMMUNISIUM to be implemented as Corruption, Politics, elites , etc are KILLING their country. And Obviously NEVER driven an EV.

[@ramakrishna5480]

Tony seba said only a reduction of 20 million barrels per day is enough to crash oil price into ground i think it's true

[@wealthymindset6021]

This is why this guy talks about Nio every week on his channel kzbin.info/www/bejne/onK6gYBvpt-AbpY