How China’s Oil And EV Policies Combine
China’s continued expansion of its oil refining sector and its environmental policies often appear contradictory. On the one hand, it is the world’s leader in electric vehicle (EV) manufacturing and deployment, but on the other it continues to invest heavily in domestic refining capacity to produce the fuels that power EVs’ internal engine combustion competitors. China’s push into EVs risks stranding assets built today well before the end of their natural lifespans. But there is method in the apparent madness. Читать дальше...