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China is doubly dominant in electric vehicles (EV), as the world’s biggest market and largest battery maker, with 55 percent of global production. EV makers also increasingly depend on critical raw materials from China such as lithium, cobalt, graphite and rare earths. This growing dependency, along with production bottlenecks and the environmental costs of EV production, may limit its impact on the global energy mix.
Dr. Frank Umbach
rise in popularity of electric vehicles has generated plenty of hype. But they
still make up a tiny percentage of cars on the road, and are expensive relative
to their gasoline- and diesel-burning counterparts. So far, their impact on the
environment is minimal, even excluding the fossil fuels it takes to make them
and the resource exploitation required for their batteries. While advances in
technology can always surprise, there is no reason to expect the demise of the
internal combustion engine anytime soon.
Dr. Carole Nakhle
China's commercial aircraft market will soon be the world's largest, but its domestic industry is not well positioned to take advantage. Engine technology is lagging, while safety, maintenance and other performance issues have set back the development of new aircraft. The outlook for military aviation is even worse unless endemic corruption can be stamped out.