Is China moving towards using coal to power cars and trucks?
Consider:
- China is the world’s largest importer of oil.
- China is the world’s largest producer of coal.
- China has a chronic shortage of electricity.
- In 2016 57% of China’s electric generating capacity was coal fired.
- China continues to build new coal generated electricity capacity.
- China is aggressively incentivizing the production and sale of electric vehicles.
All comments and suggestions are welcome.
Walter J. Kirchberger, CFA®