Climate clippings 193

1. China drives electric vehicles boom

An AFR article about investors piling into lithium and graphite mining stocks tells a tale. With our focus on Tesla we are missing the story of China.

    Although the Western world’s focus is on Tesla’s progress, it is China’s EV push – it makes up 38 per cent of the global EV fleet, an increase from just 8 per cent in 2012 – that is really turning the dial.

    Argonaut’s Hong Kong-based analyst Helen Lau says the massive subsidies available in the Chinese EV market to curb carbon emissions and lessen that country’s reliance on oil imports make electric cars up to 15 per cent cheaper to buy than conventional, internal combustion ones.

Continue reading Climate clippings 193