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Title : The Energy And Market Page, T+166 -- July 5, 2017
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The Energy And Market Page, T+166 -- July 5, 2017

All in: Volvo to be fully coal-powered by 2019.

Coal-powered EVs and China: one word -- dirty. Source: Bloomberg.

China has been making great strides toward electrification. Electric vehicle sales are booming: Consumers bought more than 300,000 last year, and more than 5 million are expected to be on the road by 2020. The government just announced bold plans for a wave of big new battery factories.

Encouraging as that may be, though, the move away from conventional cars and trucks won’t immediately reduce the country’s carbon emissions. On the contrary, the production and exploitation of electric vehicles in China actually produces more greenhouse gases and consumes more overall energy. In the short run, China’s moves could make greenhouse emissions go up, not down.

And the operative phrase: "short term."  At least three decades.

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