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More 2023 trends: EVs, onshoring, and the three ages of decarbonization

Catalyst with Shayle Kann

CHAPTER

Electric Buses

Buses are almost at 50% penetration of new vehicle sales in China. The fleet is roughly an order of magnitude larger than the fleet of passenger vehicles that are electric. "It's an energetic shift, but it also means a huge amount of CapEx," he says. It doesn't just mean like a pump and a tank underground; it means all kinds of stuff happening in the grid.

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