How China Took Over the World’s Clean Energy Boom ...Middle East

OILPRICE - Economy
How China Took Over the World’s Clean Energy Boom
source : OILPRICE ( Middle East ) () 64
Back in May, we reported that China is on the way to becoming the world’s first ‘‘electrostate’’ thanks to the ongoing EV boom coupled with rapid industrial electrification. According to a study by the International Energy Agency (IEA), China’s electrification rate has hit 30%, significantly ahead of the U.S. and the EU, where the electrification rate has plateaued at ~22% in recent years. Last year, electric vehicles (EVs) made up approximately 47.9% of the total passenger car sales in China, a huge increase…

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