• 4 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 7 minutes Countries with the most oil and where they're selling it
  • 10 minutes Stack gas analyzers
  • 13 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 26 mins Trudeau Faces a New Foe as Conservatives Retake Power in Alberta
  • 19 mins Ecoside
  • 17 hours Oil at $40
  • 1 day Welcome To The Club: Apple In Talks With Potential Suppliers Of Sensors For Self-Driving Cars
  • 1 hour Not Just Nuke: Cheap Solar Panels Power Consumer Appliance Boom In North Korea
  • 3 hours Japan’s Deflation Mindset Could Be Contagious
  • 1 hour Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire
  • 1 day Guaido and the Conoco Award
  • 6 hours The Number Increases: Swiss To Support Belt And Road Push During President's China Trip
  • 1 day Trump Torpedos Oil Pipeline Haters
  • 18 hours Is Canada hosed?
  • 1 day Opening up the waters off the coast of Florida to oil and gas drilling
  • 1 day Negative Gas Prices in the Permian
Ross McCracken

Ross McCracken

Ross is an energy analyst, writer and consultant who was previously the Managing Editor of Platts Energy Economist

More Info

How China’s Oil And EV Policies Combine

refinery

China’s continued expansion of its oil refining sector and its environmental policies often appear contradictory. On the one hand, it is the world’s leader in electric vehicle (EV) manufacturing and deployment, but on the other it continues to invest heavily in domestic refining capacity to produce the fuels that power EVs’ internal engine combustion competitors. China’s push into EVs risks stranding assets built today well before the end of their natural lifespans.

But there is method in the apparent madness. The policies are in fact complimentary. Both are part of the government’s approach to energy security, which is itself bound up with key industrial goals.

Nowhere else but China does the development of climate change solutions have such immediacy, owing to local air pollution and traffic congestion, resulting from the country’s rapid urbanisation and dependence on coal-fired power generation. Nowhere else is as well positioned to take advantage, owing to its powerful manufacturing base, increasing capacity to innovate and need to move into higher-value industries.

The significance of firms like Huawei and Xiaomi is not the security concerns they may or may not represent, but the technological challenge they pose. Most worryingly for many Western observers, they have emerged from a state-led economy in which innovation is not supposed to thrive.

They serve to emphasis the stark differences between laissez faire…




Oilprice - The No. 1 Source for Oil & Energy News