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But listening to you, it sounds a bit like China wasn’t definitely pondering this transition to EVs being an environmental plan. It seems like they were being performing this far more from an industrial-coverage point of view.
If I feel back on All those a long time I used living in Shanghai and Beijing when it was exceptionally polluted and there were days any time you couldn’t go exterior — I don’t Consider any person really wants to go back to that.
So this enterprise that experienced just some several years earlier been about the brink of failure, looking to China for the lifeline, was all of a sudden riding substantial. And —
And their strategy was to try to make sure that when folks went to buy their initially car or truck, It could be an EV — and not only an EV but, with any luck ,, a Chinese EV. In order that they did such things as — at the time, simply a license plate for your vehicle could Price an exorbitant amount of money and become difficult to get.
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But listening to you, it Appears a little bit like China wasn’t really thinking of this changeover to EVs being an environmental policy. It feels like they have been executing this extra from an industrial-coverage perspective.
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We’ve noticed a lot of momentum and enthusiasm for electrical motor vehicles, stocks, and Tesla undoubtedly main the demand.
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And so the story begins within the mid 2010s. Tesla were this firm that experienced All of this hoopla all over it. But —
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