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9/15/2024 11:10:37 AM
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Section 6: International Subject: Cheap EVs Msg# 1211589
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Coal is low cost.
It is also one of the most wildly inefficient fuel sources currently in use. There’s a reason it is cheap. It sucks. |
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For reference, the above message is a reply to a message where: Image below from Tom Hemmick - Image Title: Coal Burned Globally Image Info: China uses 12 times as much coal as the U.S. & four times as much as India Click Here China's costs are kept low by generating power from coal. The Lowest cost fuel.
Wind and solar are much more costly, as being pushed in the US. China thus has the competitive advantage. And Australia is shipping them lots of coal -- cashing on the trend.
Volks Wagon is also worried about the Cheap EVs from China. And Germany may raise tariffs as they have against Fords & Chevies, for quite a while.
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