pushing hard, but many countries are quite reluctant to join this. it's a national quality show. there's some said that i'll just the right people to the that's all the news now and hundreds of find flights is battling several places near cape town in south africa. high windsor, driving the fires and authorities of ordered the evacuation of homes in the past of the flames. for me, the miller has more the wisdom, tapes, 7 peninsula is blanketed in smoke as 3 major fires. but the largest started on tuesday within $300.00 firefighters and civil a croft, including drones, was the valence have been deployed. and thursday night strong winds caused the blaze to sprayed from simon's down into neighboring scarborough. and another fire broke out along the main highway. the joint team managed to find between ourselves

so as to keep the risk with assistance from the provincial disaster management and said, is it cool tonight? if it's in any given time? and we've had, we've had up to 250 uh, firefighters on the file with multiple tankers and times that are so used up to 680 couplers with sponsored things to actually bump some of the file lines. especially yesterday we, we may have such steps that you weeks evacuation orders be issued for about 100 households, many and the early hours of the morning. so to authority say it's a precautionary emission. on friday, there was some respite from the wind, but they all consented will pick up again, fanning the flames from act of the key from uh to areas

resources, a stretched the military has sent in additional helicopters, city as r t say the situation is unpredictable. and more people may need to lead their homes all the way up to contain the files and prevent damage to properties. for me to miller, i'll just 0 at least 31 people have died in floods in the southern indian state of time. oh, not a heavy rains from a cycle and this week of allies, roads, and railroads across the region, official se efforts are on the way to reach thousands of people still trapped by rising waters under the current debt, so could rise. that's it for me back in 30 minutes counting, the cost is next. the power defines how wow we live here. we make the rules, not the people empower,

investigate exposure and question the use and abuse of power around. but the one out there, the alarm serial venue a. this is counting the cost analysis 0. your weekly looked at the world of business and economics this week, the global res for electric cars is at full speed and the competition to dominate the industry is driving to political rivalries. also this week hitting bumps in the road. what are the challenges facing the widespread adoption of electric vehicles or e v plus carmakers or investing in millions to develop these electric vehicles. but how green are they compared to those powered by fossil fuels?

so for every 7 cars sold around the world, last year, one was electric and global sales of electric cars are expected to set yet another record. this year, governments around the world are offering incentives to buy cleaner cars. all of this, of course, part of a push to reduce carbon emissions. china is leading the race right now, but us presidential biden wants to change that. he is spending billions of dollars to boost production in the us. the euro, meanwhile, is playing catch up and investigating allegations the badging isn't playing by the rules. fenton mont ahead reports us president joe biden believes in an electric future on the inflation reduction act. american car companies are getting major tax breaks for investing electric vehicles or ebs. consumers can also get as much as $7500.00 and tax credits. speaking to order

workers whitening promised america would remain an industry leader and spend all foreign competition folks. in fact, took off as our nation has invested. billy is supercharge advanced manufacturing here at home, including electric vehicles. china is determined to dominate directly vehicle market by using unfair trade practice. i will not let them china recently over took japan to become the world's biggest car exporter. much of that was thanks, tvs. analysts say chinese companies could control a 3rd of the global market by 2030. a lot of their success comes down to price. they sell for nearly half the price that their competitors, in addition to us and europe, accuse beijing of breaking global trade rules. and the u. s. open investigation is the one who does so it's a surgery. i welcome to pro launched by you commission president us who live on the line on subsidies for chinese companies in china. if those subsidies do not conform with the rules of the world trade organization,

your must act. but china also control supplies of materials that are essential for making easy components. shortly after the analysis investigation, china and post restrictions on graphite, the government claims the move was in retaliation. some wonderful design. these government implements export controls according to the low which don't target to any country or region or any specific sector. china is committed to protecting the security and stability of the global supply chain. despite some friction, the global ag sector is still booming. for now, governments are more focused on boosting their own production rather than blocking their competitors. welcome news for supporters of electric transition finch and monica and for counting the cost. sales have of these have jumped in the past few years in 2021. just over 6000000 electric cars were sold worldwide by 2023. now that number more than doubled the nearly 14000000 and the market that is really

driving this growth is china. 8000000 electric cars sold there in 2023, which means china now accounts for more than half of all new electric cars sold worldwide. so let's bring in our panel. joining us from london is andy leyland to the managing director of supply chain insights and from badging. i am joined also by any mock and the as a senior research fellow at the center for china and globalization. let's start in london with andy lately. so, and is this major shift in the market towards electric vehicles as we've been explaining the world is moving even if slowly towards ease and yet, and yet there isn't massive demand for them yet. yes, it is growing, but it's not massive. explain that to the move to electric vehicles. it's not just a consumer choice. it's driven by the political mandate. most of the countries with the target submitted tools that are machine vehicles which looked at on trees. and

i'm sure it was a good way to knology and they're basically full seem to be which uses introduce these electric vehicles that what you this the, the winning technology that and you know, i'd say it's not just and see what joystick assume is having to do this because that was, is being bills increasingly in the future they will have no choice all ensured. and the mach, you're engaging china is the world leader in electric vehicles. they perhaps saw this coming or the importance of the electric vehicle industry before others did. and they invested massively in it before others did explain how china came to have this dominant position for sure. and i would make one minor and then go who what you just said. and this is that it is not progressing slowly in china at all. if you look in major cities like aging and show high electric vehicles ready to pick with us. and i think that william gibson,

the science fiction writer says the futures here, it's just not even we distribute it yet. so why did china, how did this happen in china? i think 1st of all, it's the union of policy formulation and policy execution. not just at the national level, not just at the provincial level, but down to the municipal and even the neighborhood level. so that was was one very important factor, and i think a very strong, well developed science and technology ecosystem is the 2nd factor. and then finally, just the large market. so when we look at these 3 factors together. uh, i think this is what accounts for the differential that we see and i agree with in the london that around the world, this is being adopted. perhaps it was somewhat slower pace than in china, and it's not entirely consumer driven. but i think people all around the world

organizations all around the world recognize the importance of sustainability. and this is one of the most important drivers for the adoption of electric vehicles. okay, so that's helpful because you reminded us that there is essentially a like 2 stories or 2 speed system when we're looking at these around the world, the adoption rate is higher in china and it's lower in the us and the e u. so anyway, when they come back to you, the u. s. and e u playing catch up, essentially, what's it going to take for them to become power houses in this area and for, for them to catch up with china. i say say here city you have really sort of fold inclined in developing electric vehicles related to vehicle supplied show. they also have the issue that it's very expensive to produce the vehicle. and it says we didn't types of live channels, and then i'll be off the legacy overnighted to, to, to, to change from title conversion and furniture variables. and that's not sustainable

. so that having to make this lots transition. and that's really helping new insurance on these properties base also healthy, there's a lots of trustworthy. you don't have all these legacy supply chains. the other issue that they have is that effective you, what i need to do is massively subsidize these industries to catch up with china when even then they probably won't be able to without having some homework, protectionist measures. and i think we're going to see you guys introducing in your relatively soon in the us. obviously we've already had the nice reduction of, well speaking of protectionist measures, speaking of subsidies, the europeans and the americans actually accused china of having subsidized this market. and with the e u going a little further saying in ways that may be unfair, right? to its competitors, the, the us and the e. is that a cloud is this accusation and this investigation because as we said earlier, the use now investigating china over this is that

a cloud and the mock on the horizons, the badging? should they be worried about this investigation into their subsidies for, for the industry? i think it certainly is a concern for chinese easy makers because many of them are looking to be global players. so any time a major market raises regulatory competitive concerns. this of course is an issue. i think the chinese national government level, of course concerns have been raised about this as well. because china has very much been an advocate for greater market openers and a level playing field. and i think we have to point out here to that, whether or not these subsidies, other forms of support and encouragement are fair or not really uh, you know, where you stand depends on where you sit, meaning that whose interest are being harmed to your and clearly is angie london

just mentioned the europeans, especially countries like germany have long held dominant positions in the internal combustion engine, vehicle space and certainly have a lot to lose. so i think it's not surprising at all that the e u is raising these concerns and how valid they are, i think really is a very contentious question. and d, leland in london, then about the subsidies. the us, of course, has done something pretty major about it. what's called the i already the inflation reduction act and it's a set of incentives for production to be relocated back to the us, including for electric vehicles. that's working, isn't it? from the us perspective, i'm assuming. yeah. so you can get a since that was announced you've had, or the $75.00 major projects announced by the $18000000000.00 in investment trading

like the $50000.00 primary jobs. and there's a lot more call. and so the price would off now just because it is incredibly generous with the subsidies that i guess was being successful in the us. the issue that it has is it's actually drawing investment away from your easily us. because you have these companies looking to set up jobs and they look at the, the incentive system in europe, and they look at the incentive system in the us. and at the moment it's a no brainer. you know, you're just to be honest, i just need ship city. and i mean the us are in some respects we slowing down to that lady to be in your one pretty major thing. i haven't asked either of you yet is about the supply chain and the mock china is also the power house when it comes to the supply chain. yes, they can build the end product, the actual car that they are also, the leaders in terms of all the little step will not little that all of the steps

that it takes to source the raw materials in order to get to the end product. how did china become dominant in that space? sure, and that's actually a very important point. so 1st i think it's worth mentioning that the most important components in an electric vehicle is the battery. and this requires a very high degree of scientific expertise as well as manufacturing capability. and you rightly point out that china is very strong at every part of the supply chain, from access to raw materials, cobalt lithium. the other materials that go into batteries go into the other parts of the electric vehicle components design assembly. of course you just kind of plays a very has a very strong position on all of these. i think a large part of that again,

is due to the government's ability to not only articulate and formulate detail long term policies, but to actually execute them. and one of the reasons for this is, i think just the political continuity. so what we don't have in china is a new leader every 4 years, or every 8 years with a can comments and perhaps 180 degree policy shift. so i think this is one of the most important factors, again, combined with the strong s n t sites and technology ecosystem of large market and the very deep ecosystem of every kind of supplier. you can imagine that goes into an electric vehicle. gentlemen, thank you both so much for your time today. and the mocking badging, andy leyland in london. thank you again. so electric

cars has been on our roads for decades and throughout the year as researchers have talked to them as the future of transport. carmakers are rapidly scaling up their production of electric vehicles in response to government pressure to cut the carbon emissions. but consumers are proving to be a little slower to make that switch. so what's stopping electric cars from becoming more mainstream? well, one of the biggest barriers is a lack of charging stations, though around a $100000.00 of them right now in the united states, just as an example. and us president joe biden has pledged to boost that to 500000 nationwide. but many consumers are still weary about how far they can go, how far they can drive with their e. v. a people living in cities also face challenges. home chargers work well in the suburbs, but people in cities who park their car on the side of the road will find it more difficult to charge their vehicles. then the, there's the price on average, any, the cost around $10000.00 more than a traditional car. and remember, this is

a time of the global economy is already struggling. many countries have high inflation. that means many people are well just not keen to buy a more expensive car. while the production of electric vehicles has ramped up, demand isn't growing as fast as expected and that has led some carmakers like tesla, for instance, to cut their prices in order to boost sales. combined with the government incentives, it has shaped thousands of the sticker price in the us, but the average cost of any the remains. it is still over $50000.00. and that is too high for many consumers. auto workers are concerned about the impact of the transition to electric vehicles on their jobs. that's another concern to shift the easiest parking political opposition in the us. some republicans, like senator j, the vance of ohio claim that these are destroying auto industry jobs because too many are imported from abroad. he wants to roll back biden's policies that

encourage people to buy electric vehicles. meanwhile, if these were a key issue in the recent auto worker striking, the us protection for workers affected by the shift, the eaves was part of the settlement with the car companies that ended the strike. well, joining us now from london is been scott, a senior enlist at carbon track. we're focusing on the automotive sector. and thank you so much for joining us. there's a lot of money going into electric vehicles. the industry's moving pretty fast. what is the next significant development that you're tracking that you are monitoring? so um i think we need to keep looking as the lawn for an extra vehicle. sales is not the mom is actually a lot of people think. so if you look at the, if you the last month electric vehicle sales were up $0.60

a year. uh yeah. which is encouraging for, for the mortgage. um, i think if you, you, if you give it to things you know, few years back, the electric cause will be full to market as a, as an industry push, push on. cuz you lets meet a couple of years. but actually the, uh, the market has, has changed now because she was up to monitoring these cause, you know, an insignificant goings, i'm assuming from the industry to a consumer. and also me because i'm right. i've been there since you're talking about demand and it's something we've addressed earlier in the show. is there enough demand? i appreciate you're saying it's increasing, but is there enough demand to make this transition happened and happen at pace because it's a whole industry that's shifting. it's i, i would argue it's not quite enough for consumers to want a few more electric vehicles. they need to want

a lot more. but i think we'll assume that can cause the moods manzona also makes is recognized as well, for example. but seeing the electric car investment is released. so for example, in saudi arabia, we're seeing a high end diag bills and electric, assembly phones for level electric vehicle sales. so it's a good thing for, for the market. and i called, in fact of the way that we see electric car adoption, we see a fully anesco. so the beginning of the month it will be, i kind of slowed as say, the increase, and then the rock a rising. and the next phase of the locker room to solving to a 100 percent off. so the, the price of electric vehicle sales will be the non linear. and it goes to be on the faucet. and what's the deciding factor for consumers now when they're buying a new car and they have to decide in a combustion engine or electric vehicle?

do we know what it is that is driving their decision? is it mostly the price? is it the infrastructure for charging the car? is it environmental concerns? your views on that? i think of the, the, the in the majority of cases it is a sticker price because the loss in cases sticker price over the, the is, is more expensive to russians call. however, there are lots of new products come to market. a lot of g role tenses of, from a chinese manufacturer is a photo which is ultimately owned by the chinese manufacturers to a very inexpensive electric call, most multi products and marketing as well. so these, i can see what options are available at these options. electric cars across the vehicle settings, historically of electric, positive stuff in the c, b,

and continues. so once the options come to consumers for ease in the lower end of the volumes, because that i think was a more work option. what about the infrastructure is specifically the charging infrastructure for cars, because if people feel it's going to be difficult to charge their cars and they can't go far enough without uh, it's going to be too far for them to find the next charging station. of course, that's a big stumbling block at what point do you think or have we perhaps already past the point where, you know, the floodgates are open and is no longer so much of a barrier for consumers. i think a charging of the structure is a, an ongoing challenge for sure. that's no one that has been solved yet, but was encouraging is that we seeing more higher power charging stations being deployed in many countries. and in the us, we see a number of manufacturers making that vehicles compatible with each has the

supercharger network, which of course has a number of charging stations worldwide. and this will enable more charging opportunities for non tesla easy drivers. and that will reduce range anxiety for many easy drivers as well. a ben stay with us. i have some questions for you on how environmentally friendly e v cars really are a quick explain it 1st. as these electric cars become more popular, many people question whether they really are environmentally friendly. know the short answer to that is yes. yes, they are because they don't run on fossil fuels. that means they don't put out carbon dioxide, which is the biggest contributed to global warming. but here's the boat. while they do pump out less emissions. that doesn't tell you the whole story. the process of manufacturing an electric vehicle need to look at that. that produces more emissions than the making of a traditional car. lithium ion battery is in particular are very carbon intensive

mining rare earth metals needed for those batteries also has an environmental impact. digging it up can cause hazardous materials to lee count, exposing local communities. the smelting process can also contaminate the air with sulfur dioxide and why the, these themselves produce minimal emissions. when you drive them, they do rely on the power grid for their electricity. now, if that electricity is produced from se cole, one of the dirtiest fossil fuels there is then driving an electric vehicle might not have much impact on overall emissions. but as power grids get greater, so to will the eaves that they power a been back to you, this makes the whole question of whether an electric cars are more environmentally friendly. just a little bit more confusing. that is sometimes presented. can you settle this debate for us, especially for consumers who might be thinking of investing going forward in an

electric vehicle? are they helping the planet? yes, yeah, the shift towards electric vehicles is certainly a good thing to help us meet our climate change goals. if you think about the visual life cycle model, emissions come from the use phase of the vehicle is often called scripts, free category emissions. and this makes up around about $0.80 of social life cycle emissions. soon as you can reduce the, the that's how i've emissions average size presents down to, to nothing. then you're doing a very good job at reducing the column intensity from the life cycle. so that's the 1st thing i would say in terms of the grades. the, the price of the cost per kilowatt hours. it often more

expensive than fossil fuel trends. so they really will continue to, to be called the noise which will further in the homes, the green credentials associated with ben scott joining us from london today. you are senior enlisted carbon track, are focusing on the automotive sector. thank you very much for your time today. we appreciate that. i thank you. and that is our show for this week to get in touch with us on the x formerly known as twitter at vineyards, 0 is my handle. do use the hash tag a see to see when you do or drop us an email, counting the cost at alpha 0 dot net is our email address. but there's more for you online at alice's 0 dot com slash so you can see that will take you straight to our page, which has individual reports, links, entire episodes as well for you to catch up on that doesn't. so this edition is counting the cost time several, then yay, from the whole team here in the thank you for joining us. the news analysis 0 is

next. examining the impact of today's headlines. the fear of what the destruction of your everything, international filmmakers and world class john, unless you're saying that these laws actually encourage more violence, 7 has to know stories for a global audience. this is a mighty policy is way what these are so tied to the phrase us from our culture. open your eyes to an alternative view of the world today on the how does era the the

i'm, it's the world slow down. we stand for as homes with tips of global nichols reserves . indonesia is points to leave the global, the battery industries. we definitely manage our abundant resources and play a role in solar energy harness the offerings, 75 percent of global carbon credits, essentially submitted between prime mental protection enhancing investment climate digital licensing, your better tomorrow. the,

[000:00:00;00] the right off the days of delay, the un security council approves a what's a down resolution for more humanitarian, a to gaza. the us vito is a russian coal for an urgent cessation of hostilities. this resolution is a step in that direction. it must be implemented and must be accompanied by massive pressure quote, an immediate since why i'd be immediate since via the