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.
Continuity of electricity supply is no trivial matter. Back in April-May 1996 at our place we had rain on 14 consecutive days. Over the period we had 833 mm or over 33 inches in the old language. A renewable energy electricity supply system needs to survive such a challenge, as do home off-gridders. Imagine not just the lights out, but rotting food in the refrigerator, no pumping of petrol at the bowser, the refrigerators and lights failing at the supermarket, no water coming out the tap. For the whole Brisbane area.