The Rising Influence of Rising Affluence

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I thought Toyota is finally going to get their head out of the sand but it is a big company and there are still silos that hope that non-EVs are the answer. China had their first crackdown on subsidy abuse last year and it did impact sales, for the first month when implementation started!

http://www.scmp.com/business/companies/article/2019315/crackdown-electric-vehicle-subsidy-cheats-expected-favour

http://www.ev-volumes.com/country/china/

PS I attended years ago a discussion by an E level integrated oil company. A side topic to work with TM on providing a betA network of H2 refueling stations was chatted about. That was going to be the transition to sustainable energy. Things change, ideas change. Nobody believed solar can drop below 3 cents/kwh and that battery cost goes down 17%/year. Sheik Yamani's wisdom is being witnessed now. The only question is the time frame.