On paper, the recent EU-China auto deal looks like a compromise Europe needed. In reality, it is a big mistake: short-term relief for European automakers versus long-term market dominance for China.
The EU protects the hybride car market in Europe in essence protecting the ‘old’ combustible engine technology at the same not incentivizing EU car makers to go all in on Electrical Vehicles.
The future however is 100% electric, and this is where the EU car makers will lose out as they remain stuck in their old ways.
This deal shows the pressure the EU is under to get short-term relief, while at the same time not thinking about the long-term consequences.
In essence they EU has no China strategy
Just adapting your words, it’s not a phrase, it would be an oil shortage. Oil or other fuel shortages are just as possible or more likely than a blackout from 100% non-fossil fuel energy sources. Like stopping the flow of oil from the Strait of Hormuz, if no one used oil or we used only a small amount the resource couldn’t be restricted as it can be now. If all power was wind, solar, hydroelectic, etc, a nation across the world would have less ability to hamper your energy. You can have a diverse power grid without fossil fuels.
Interesting how quickly the b*ts reply
god you truly have nothing to say