China is facing pressure to continue exporting electric cars to the EU as the demand for EVs remains high. BYD is increasing sales of EVs and plug-in hybrids, contributing to the glut of EVs. However, personal debt and slower income growth are limiting consumer spending. EV road trips require advanced planning, especially in colder weather, which can reduce battery range. A 2,000-km road trip across China revealed the changing landscape of the oil industry, highlighting the shift towards electric vehicles driven by economics and consumer preferences rather than just environmental concerns.
An EV road trip across China reveals how economics and consumer preferences—not green concerns—are hastening the energy transition. https://t.co/WoQoRkV8Ye https://t.co/xnbKeOl8cB
What does the future of oil look like? @danmurtaugh and colleagues took an EV road trip across China to find out https://t.co/IyWYWdGWJ9
We took a 2,000-km road trip across China and glimpsed the end of the oil age. Read The Big Take ⬇️ https://t.co/e2LFUGqhZF
We took a 2,000-km road trip across China and glimpsed the end of the oil change. Read The Big Take ⬇️ https://t.co/cP91Egi0Za
We took a road trip across China and glimpsed the end of the oil age. Read The Big Take https://t.co/HKAtuWOXNR via @business
NEW: We took a 2,000-km road trip across China and glimpsed the end of the oil change. Read The Big Take ⬇️ https://t.co/A9aZdyDmqY
We took a road trip across China and glimpsed the end of the oil age. Read The Big Take https://t.co/vUGIBZk0UR
AXIOS: The perils of an electric car holiday road trip “EV road trips require advance planning — especially in colder weather, which can significantly diminish battery range.” https://t.co/DnDuG4mgJq https://t.co/SGiyTwfK4O
"China Is Under Pressure to Keep Exporting Electric Cars to the EU" https://t.co/SJoj7LVA3v "the glut of EVs is unlikely to ease with BYD ratcheting up sales of EVs and plug-in hybrids.... At the same time, rising personal debt and slower income growth... has capped spending."