Here is telling interview by CEO of Renault:
China is limiting export of raw materials
China has a monopoly on a lot of raw materials, and they are limiting exports.
This is why all those bans on EVs will be postponed, as the EU will be able to go all EVs only if they surrender their market.
Short of some major battery breakthroughs that would make China just another supplier, expect all those ICE bans to be postponed.
China is limiting export of raw materials
China has a monopoly on a lot of raw materials, and they are limiting exports.
This is why all those bans on EVs will be postponed, as the EU will be able to go all EVs only if they surrender their market.
Short of some major battery breakthroughs that would make China just another supplier, expect all those ICE bans to be postponed.