Chinese technology companies are paving the way for a world that will be powered by electric motors rather than gas-guzzling engines. It is a decisively 21st-century approach not just to solve its own energy problems, but also to sell batteries and other electric products to everyone else. Canada is its newest buyer of EVs; in a rebuke of Mr. Trump, its prime minister, Mark Carney, lowered tariffs on the cars as part of a new trade deal.
Though Americans have been slow to embrace electric vehicles, Chinese households have learned to love them. In 2025, 54 percent of new cars sold in China were either battery-powered or plug-in hybrids. That is a big reason that the country’s oil consumption is on track to peak in 2027, according to forecasts from the International Energy Agency. And Chinese E.V makers are setting records — whether it’s BYD’s sales (besting Tesla by battery-powered vehicles sold for the first time last year) or Xiaomi’s speed (its cars are setting records at major racetracks like Nürburgring in Germany).
Australia’s economy has been in a tailspin precisely because China hasn’t been buying enough coal.
Fortunately, India, Maylasia, and Indonesia have picked up the slack at the prodding of fossil fuel interests.
Not it hasnt. A small drop in exports to china isnt enough to send the austrialian economy into a tailspin. Chinese coal imports globally dropped only 9% last year (and domestic production increased to meet that deficit for all those thinking china isnt polluting the world). Keep in mind this 9% decrease comes after a record amount of coal imports in 2024.