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by CMay 210 days ago
China bet on EVs because of national security. China has less reliable access to oil than many other countries and the US can choke off delivery of oil to China through bottlenecks if it comes to war. Investing in solar, wind and nuclear makes sense in their predicament. "Green energy" and "saving the planet" are secondary and mostly marketing by comparison.

Countries hitting their industrialization stride have a bloom of real world applicable talent that they can direct to these things in a way that is a little harder for others. Especially when you have a huge population.
1 comments
seanmcdirmid 210 days ago
It isn't just the US, Russia has oil and shares a land border with China. However, Russia isn't always friendly with China, nor is the middle east, and anyways, it just seems like a headache to deal with them + the petro dollar when they have plenty of energy to tap at home.

Air pollution was also a huge problem, aside from national security. China's empahsis on STEM and the fact that they've been a huge source of engineering/science/tech talent meant China could just tap its own human resources rather than making them go abroad for decent jobs. The fact that they also know how to build things and have set up all the infra for that is just another bonus.

China is willing to play ball in less developed countries, and the deals they setup is not just Chinese companies coming in and dominating the market, they are also partnering with and trying to raise local companies as well. That won't work in Europe or the US, at least for now.

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CMay 210 days ago
It's true that Russia and China share a border, but the infrastructure to move oil across it at large scale barely exists and I got the impression the geology is very unfavorable for it. It's probably easier to ship it, but future pipeline expansions may still happen.

The whole Belt and Road initiative seemed to mimic a Korean style labor export to increase the inflows of currency into the country while keeping people employed, but I also kind of figured it was aimed at reducing the friction of future resource transportation between the countries.

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