{"id":251771,"date":"2023-04-08T13:21:00","date_gmt":"2023-04-08T11:21:00","guid":{"rendered":"https:\/\/climatescience.press\/?p=251771"},"modified":"2023-04-08T13:21:10","modified_gmt":"2023-04-08T11:21:10","slug":"chinas-green-leap-leaves-aep-confused","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=251771","title":{"rendered":"China\u2019s Green Leap Leaves AEP Confused"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

The clownish AEP has lost the plot again!<\/mark><\/em><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The existential threat to <\/em>Saudi Arabia and the OPEC cartel<\/em><\/a> comes from China, not from net zero or from green deals in the West.<\/em><\/p>\n\n\n\n

Chinese sales of petrol and diesel cars fell 20pc in absolute volume terms in February from a year earlier. Sales of plug-in electric vehicles kept rising explosively and reached a record 32pc of the market for standard passenger cars.<\/em><\/p>\n\n\n\n

At the current pace, EV sales in China will hit eight million this year, helped by the proliferation of battery-swapping stations. Rather than charging your own car, you do an instant swap. No need to wait. No need for charge-points everywhere.<\/em><\/p>\n\n\n\n

Sales have surged despite the elimination of subsidies at the end of last year.  China\u2019s best-selling EV is the BYD Song Plus, which retails for about \u00a322,000. Number two is the smaller Wuling Mini. It starts at around \u00a34,000 (not a misprint).<\/em><\/p>\n\n\n\n

\u201cThey are producing cheap EVs for the mass market, which is still completely lacking in the West. It is absolutely taking off,\u201d said Lord Adair Turner, chairman of the global Energy Transitions Commission (ETC).<\/em><\/p>\n\n\n\n

The consensus forecast until recently was that <\/em>EV penetration would reach 40pc of Chinese sales by 2030<\/em><\/a>. That threshold could be crossed as soon as this year if manufacturers can produce fast enough to meet the demand.<\/em><\/p>\n\n\n\n

https:\/\/www.telegraph.co.uk\/business\/2023\/04\/07\/chinas-green-leap-forward-is-a-nightmare-for-saudi-arabia-a\/<\/a><\/p>\n\n\n\n

Before AEP gets too excited, maybe he should consider a few facts:<\/p>\n\n\n\n

1) BEVs<\/a> last year still only accounted for 16% of car sales in China.<\/a> As in this country there is a niche for EVs, but that does not mean everybody is going to go out and buy one.<\/p>\n\n\n\n

In particular most urban Chinese live in high rise apartments, so will find EVs pretty much useless. Similarly rural Chinese will also find EVs unfit for purpose, because of the lack of any charging infrastructure, the long distances involved and the rough roads.<\/p>\n\n\n\n

2) Car sales in China have grown rapidly, even within the last decade. The number of cars on the road in China will carry on increasing for years to come, and many of these will be petrol.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

https:\/\/tradingeconomics.com\/china\/total-vehicle-sales<\/a><\/p>\n\n\n\n

3) He claims that \u201csales of petrol and diesel cars fell 20pc in absolute volume terms in February from a year earlier<\/em>\u201d. But to just cherry pick one month is deceitful. As Trading Economics<\/a> report, there has been a sharp decline in petrol\/diesels in the last couple of months because of the expiration of tax credits at the end of last year.<\/p>\n\n\n\n

4) Oil consumption has been\u00a0 rising steadily for the last two decades, despite the rise of EVs and renewables:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

BP Energy Review<\/em><\/strong><\/p>\n\n\n\n

5) Far from importing less oil from Saudi, China is allowing Saudi Aramco to build a much  needed  oil refinery<\/a> in China, which will import two thirds of its oil from Saudi.<\/p>\n\n\n\n

6) Xi Jinping has also  been eager to ally with Saudi Arabia, in order  to ensure a steady flow  of the black stuff. That was why the two  countries signed a wide ranging agreement<\/a> last December, to cooperate on diplomatic, security, economic and energy issues.<\/p>\n\n\n\n

That is also why China formally brought the Saudis and Iranians together last month, in order to build up ties with the Middle Eastern oil producers.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Before AEP gets too excited, maybe he should consider a few facts<\/p>\n","protected":false},"author":121246920,"featured_media":251779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818134,691818138,691818135,691818136,691818137],"class_list":{"0":"post-251771","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-chine","9":"tag-diesel","10":"tag-ev","11":"tag-oil","12":"tag-petrol","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0istock_000044324150_small_0.jpg?fit=2220%2C1248&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-13uP","jetpack-related-posts":[{"id":364470,"url":"https:\/\/climatescience.press\/?p=364470","url_meta":{"origin":251771,"position":0},"title":"What AEP Forgot to Tell You About\u00a0China","author":"uwe.roland.gross","date":"04\/02\/2025","format":false,"excerpt":"Maybe AEP would like to explain why China needs all this coal, now they have got all these super cheap solar panels!","rel":"","context":"In \"China\"","block_context":{"text":"China","link":"https:\/\/climatescience.press\/?tag=china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0MI-CI044_CCOALl_M_20150226170626.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0MI-CI044_CCOALl_M_20150226170626.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0MI-CI044_CCOALl_M_20150226170626.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0MI-CI044_CCOALl_M_20150226170626.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0MI-CI044_CCOALl_M_20150226170626.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":336520,"url":"https:\/\/climatescience.press\/?p=336520","url_meta":{"origin":251771,"position":1},"title":"AEP Does Not Understand Energy\u00a0Markets","author":"uwe.roland.gross","date":"15\/07\/2024","format":false,"excerpt":"AEP\u2019s regular claims that oil and gas assets will soon be stranded are based on the assumption that governments around the world will mandate the end of fossil fuels. 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