lobby, the local government to join the national electorate grids, the cost outweigh the benefits. so the islanders of co jake took matters into their own hands and when sola, now they've won a regional award for sustainable energy use. however, as tony chang reports, they remain the exception to the rule. sleeping under the hot sun, collecting a limitless energy source, their own tie, hoses down the solar panels on his roof. when he's done, you can sit under the sand and enjoy an ice cold glass of water, all due to the island. so the energy grid for decades, the and then relied on diesel shipped in a great expense. so that was a natural choice, but a hard sell me gone from we asked the administrative department, local government offices like the provincial energy office on cellphone, which was difficult and took his every 2 years on the grounds from the australian

government and technical support from a team of academics, the island built itself a solar grid. now they can capture and store all the energy they need. item life has been transformed. schools now will, is the constant power all the student's needs. even the fisherman is switching across the solar, charging the batteries from the boats, and the collective charging stations on land, or just down the coast. an indication of how most ties get their energy. a huge coal fired power station, a massive transport ships queuing up to offload thailand steaks. its future of fossil fuels. no renewables. with natural gas from the gulf of thailand. power station funding, co shipped in from australia to transition away from fossil fuels could be relatively easy in thailand, solar hydro and biomass energy could generate 43000 megawatts, 25 percent more than current demands. but the government remains committed to colon

gas. highlands is the railings renewable energy is this all 4 to so if you look at the policies of our country, we can see clearly pelham, you go directly to the forests to consumption on the island. they're already seeing the benefits of their renewable grid homes that used to ration expensive electricity. now, free to use appliances whenever they, once the peace and tranquility no longer interrupted by the hum of generates his friends and neighbors, able to chat and go sit long off the dog. even the cat goes hunting for a late night snack tony cheng al jazeera jake in the gulf of china and all that set for this show counting, the cost is up next. stay with us, the

a thought provoking ons, but the patient doesn't have time to wait for the extremely unfortunate. but there are no quick wins and events or research hard hitting interviews. do you feel like america is less than the days of these days, or is it just a different full? i think the demography of the process facing realities do you see that the fraction is already starting the g 7 in the us on one side, china and the brakes on the other. i assume there is a huge piece of that to happen via the stores on tools to how does air the hello i'm serial venue a. this is counting the cost analysis. you write your weekly look 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 evenings plus carmakers or investing 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 by and 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. the us president joe biden believes in an electric future of the inflation reduction act. american car companies are getting major tax breaks for investing electric vehicles or ebs. consumers can also get as much a $7500.00 in tax credits speaking to order workers bite and promised america would remain an industry leader and spend all foreign competition folks. since i took off, as our nation has invested village 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 ex border. 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 of their competitors in addition to us and europe accuse beijing of breaking global trade rules and the u. s. open an investigation, just the one who does it. so i suddenly, 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, europe must act. but china also controls 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 retaliation. somewhat general, you find 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 the electric transition. finch and monahan 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, the managing director of supply chain insights, and from beijing, i am joined also by any mock. and he is 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. so they may say electric vehicles is not just a consumer choice. it's driven by political mandates. most of the countries with, with the target to move tools that are machine vehicles which look at on present. i'm sure it wasn't a good way to knology and that basically forcing the vehicle produces reduce these electric vehicles. is that what you said on this, the, the winning technology that and you know, i'd say it's not just to see what you want us to consume is having to do this because that was being built in increasingly in the future. they will have no choice stops in the truck. and the mach, you're in beijing, 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 the china came to have this dominant position for sure. and i would make one mind or, 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 said that the futures here, it's just not even we distributed yet. so why did china, how did this happen in china? i think 1st of all is the union of policy formulation and policy execution. not just at the national level, not just not the provincial level, but down to the municipal and even the neighborhood level. so that was 11 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, 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 is 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 ready, so therefore inclined in developing electric vehicles where they need to be able to slide show. they also have the issue that it's very expensive to produce the vehicle. and so we didn't types of nonsense and then not being all the legacy overnighted to, to, to, to change from child from birth, shipment furniture, variables. and that's not sustainable. so that having to make this lots of transition. and that's really helping new insurance on these properties. base also healthy, there's lots of trustworthy do, don't have all of 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 have the next reduction now.

well, speaking of protectionist measures, speaking of subsidies, the europeans and the americans actually accused china, of having subsidized this market. and with the you 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 in this investigation? because as we said earlier, the use now investigating china over this is data cloud and the mock on the horizons of aging. 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 openness 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. 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 u. s. 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 a. yeah. so you can get a since that was announced, you've had $3075.00 major projects announced by the $80000000000.00 in investment in creating the $50000.00 primary jobs. and there's a lot more call. and so the place you would off not just because it is incredibly generous with the subsidies that i guess was being successful in the us 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 be honest. i last name city,

and i'm in the us and in some respects we slowing down to really 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 but 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 and t sites and technology ecosystem of large market and

the very deep ecosystem of every kind of supply. or 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. the so electric cars has been on our roads for decades and throughout the years, 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 main stream? 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 will park their car on the side of the road will find it more difficult to charge their vehicles. then there is the price on average, any the costs 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 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 government incentives, it has shaped thousands off of the sticker price in the us. but the average cost of n e v remains,

it is still over $50000.00 and that is too high for many consumers. also, workers are concerned about the impact of the transition to electric vehicles on their jobs. that's another concern. the shift the easiest sparking political opposition in the us. some republicans like senator j. d. 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, these were a key issue in the recent auto worker striking. the us protection for workers affected by the shift to ease was part of the settlement with the car companies that ended the strike. well, joining us now from london is ben scott, a senior and list at carbon track are 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, finding ways to keep looking as the lawn for an extra vehicle. sales is not the mom is actually a loss for people. so if you look at the end to the last month, actually vehicle sales were up $0.60 a year earlier, which is encouraging for, for the mortgage. i think if you knew if you give it to think. yeah, a few years back. the electric cause was being brought to market as a, as an industry push, push almost because humans meet the targets. but actually the longer has, has changed now because she was demanding these because, you know, an insignificant goings i'm seeing from the industry to a consumer. and also make is the 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 you moods monitor. and also this makes is recognized as well. for example, the seeing the electric car investment is released. so for example, in saudi arabia, we're seeing a high end diag bills and electric assembly funds for local electric vehicle sales. so it's a good thing. so for the market and the contract for the way that we see electric car adoption, we see a fully anesco. so the beginning of the month it will be a kind of slow and steady increase and then the rock

a rising and the next phase of the lock them into a 100 percent off. so the, the price of electricity sales will be the non linear. it'll be a little faucet, maybe. 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 at the moment the, the in the majority of cases it is a sticker price and of course, loss in cases the sticker price over the, the is, is more expensive. so russians call, however, there are lots of new products come to market. a lot of g roll tenses from a chinese manufacturers and bobo,

which is ultimately owned by the chinese manufacturers to a very inexpensive electric call mass market for tomorrow as well. so these, i can see what options are available. these optional 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 then i think we'll see more or adoption. 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, 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. as i think a charging infrastructure is a, an ongoing challenge for sure. that's no one that has been solved yet. but what's encouraging is that we're seeing more higher power charging stations being deployed in many countries. and in the us, we see a number of manufacturers making the 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 drive. ringback and i will reduce regions, i see for many easy jarvis 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. first. 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 big is contributed to global warming. but here's the but why 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 batteries 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 leak out 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 greener, 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 or they helping the planet? yes, yeah, the shift towards electric vehicles is certainly a good thing to help us be upon the 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 a total paper, much cycle emissions. soon as you can reduce the, the,

that's how much 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 or the cost per kilowatt hours is often more expensive than fossil fuel trends. so they. ready will continue to, to be called the noise the further in the homes, the green credentials associated with ben scott joining us from london today. you're a senior analyst at carbon track or focusing on the automotive sector. thank you very much for your time today. we appreciate that. thank you. and that is our show for this week to get in touch with us on x, formerly known as twitter at vineyards, 0 is my handled to use the hash tag

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