Sales of gasoline cars in China are now less than a third of their peak. The electric stack is winning.
Planetary VC's Ramez Naam says China's gasoline car sales will fall below one-third of their 2017 peak by 2026
Sales are projected to drop to 7.2 million units.
Many users praised China's rapid execution in cutting gasoline car sales through decisive EV supply-chain investment, while a few dismissed the decline narrative with sarcasm.
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@ramez @electricfelix phev and EREV are still gasoline cars. as long as you have to go to a gas station to fill them up.

@monk_stuff @ramez We both know this is too simplistic
In China 70kWh EREVs are pretty commonplace today
Just as one euro gas is normal, and ten cent fast charging is normal #alwaysbecharging

@Pembrokestcap @ramez Coal is falling versus renewables.

@ramez Juicy juicy coal…

@ramez Wow. It’ll never not amaze me how fast China does things when they put effort into it

@ramez How many more charts do we need? Stop producing petrol cars. Ban new combustion engines now!

@ramez 23.6M à 7.2M. L'essence meurt. Mais on fait semblant que tout va bien ici 🙄

@eu_bike @ramez in percentage terms, not in absolute terms. Coal imports to china are up this year.

@ramez Also... car sales way down

@ramez The EM innovation advantage in real time. China didn't debate the transition, they built the supply chain and let capital follow.