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RE: LeoThread 2025-01-17 09:25

in LeoFinance16 days ago

Part 6/11:

While China is recognized as the global leader in electric vehicles (EVs), it's paradoxically increasing its fossil fuel consumption. Reports from China's National Bureau of Statistics indicate that fossil fuel power plants generated record amounts of electricity last year, with coal and natural gas output at all-time highs. Although China leads in renewable energy deployment, the rapid growth in fossil fuel usage poses challenges for comprehensive environmental progress.

Electric vehicles now account for a growing share of China’s vehicle fleet, with 353 million vehicles on the roads, of which 31.4 million are new energy vehicles (NEVs), including battery electric and plug-in hybrids. Projections indicate NEVs will comprise over half of new car sales in China this year.