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The Intelligence from The Economist
They need to talk about Kevin: America’s near-shutdown
Oct 2, 2023
23:45
Snipd AI
America's near-shutdown and its implications for Kevin McCarthy's leadership. The exponential growth of electric scooters in Asia. Britain's 'risk registers' and the potential end of the world. Exploring the booming electric vehicle market in Asia. Preparing for existential catastrophe and the importance of government preparation.
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Quick takeaways
- The uptake of electric scooters is significantly outpacing that of four-wheeled vehicles in Asia.
- The compromise bill to avoid a government shutdown has resulted in a divide within the Republican party and challenges the governance in Congress.
Deep dives
The electric vehicle boom in Asia
Two and three-wheel vehicles are going electric faster in Asia compared to other markets. China is the largest market for electric two and three-wheelers, with about half of the vehicles sold in 2021 being battery-powered. This boom is also seen in other parts of Asia, particularly in India, which has a huge market for two and three-wheelers. The electrification of these vehicles is happening rapidly, driven by technological advancements and the establishment of battery swapping networks.
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Listen to the best highlights from the podcasts you love and dive into the full episode