Comment on Trump Is Obsessed With Oil. But Chinese Batteries Will Soon Run the World

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UnderpantsWeevil@lemmy.world ⁨2⁩ ⁨days⁩ ago

Lol Volkswagen, the company that actively rigged diesel cars to pass the tests… ?

That’s the one. They’re run by absolute pieces of corporate shit, but they do still seem to recognize the market driven writing on the wall.

The German car manufacturers are hopelessly late at EV because they wanted to drain every last penny out of their ICE.

The pool in Europe is a lot shallower, especially in the wake of the Russia/Ukraine war. They don’t have the same access to cheap fossil fuels that the US enjoys, so they’re being forced to pivot to EVs entirely due to their regional limitations. They’re also competing internationally in a market with a growing Global South demand. Many of these countries are undergoing electrification far faster than they’re seeing a petrochemical expansion, in no small part thanks to the high installation costs of pipelines and processing plants relative to electric grids and renewables generation.

The Volkswagen id (EV) sales numbers are so disappointing they had to lower production and make employees stay home.

The entire EU economy has stalled out with the war. But they’ve seen a double-digit upswing in EV sales in Latin America, Africa, and the Pacific Rim.

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