Uplifting News
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What's with the title?! Here's my alternative: China's EV boom makes a dent in fossil fuel consumption.
It's Bloomberg. A rag for capitalists, by capitalists. Less fossil fuel use is bad for them because it hurts their portfolio.
So they're trying to crash the oil stock?
They're trying to motivate people to crash EV stocks to save their oil portfolios.
westoid media isn't allowed to admit China does anything good, so they have to frame everything negatively. Alternative possible headline would also be, "China's EV boom makes a dent in fossil fuel consumption, but at what cost?"
Do you know what the word “threatens” means?
You obviously don’t know how fast China’s been manufacturing cheap EV’s and solar panels. There’s a reason oil lobby owned politicians are trying to ban them from being imported.
I may have heard.
The biggest threat China presents to fossil fuel consumption is future economic growth. Putting 1.4B people into ICE personal vehicles would be a nightmare.
Their battery tech is going to spare the globe generations of future consumption. They're doing what Americans should have done 20 years ago, taking ICE engines off the market before they're built.
Those OPEC Countries, who rely on ICE Engines like they're a future ATM Machine, are just maddening. They're a HIV Virus plague on the world and NASA Administration need to launch them into LEO orbit.
The Department of Redundency Department now has you on a watchlist.