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Arvind Sanger - The Sustainable Energy Transition

The Business Brew

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The Long-Term Effects of Oil on Demand Growth

China's demand growth is going to be, you know, maybe 10% this year but that's unusual because the demand growth was depressed last year. 30 plus percent of the cars sold in China today are electric cars. So they are almost two electric cars sold in the world are in China. And yet, even beyond this year, we expect China's oil demand growth with the first. The only demand growth will still be two to 3%. Now, here's the problem. If everybody goes to charge their electric cars,. local substations are going to have blowout are going to blow out. What China is doing is spending a lot on upgrading the grid. It's much harder to upgrade

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