Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.
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Friday, February 10, 2017
20% of China's bus sales electric
In 2016, 115,700 electric busses were sold in China, which equals 20% of the total market. This compares with 1,672 in 2013. The Chinese car company BYD is the world's largest producer of electric busses and also the world's largest producer of electric cars.
Tony Seba was right.
BTW, carpers have complained that electric busses will have to be charged using electricity from the grid, which is still mostly coal-based in China (even though China is making huge strides to switch to green energy) And oil produces half the CO2 emissions of coal per unit of energy. So in theory, sticking with diesel busses would be less harmful to the climate. But in fact electric engines are 5 times as efficient as petrol(gasoline) and diesel engines.. So even using coal-fired electricity, they still produce less CO2 than ICEs, more than 50% less. And as the grid moves towards renewables, this reduction will increase.