May not be that big of an impact. Here in LA, there are a lot of big trucks that are either hybrid or full electric running around town; in fact, the local transit authority, which already has an all natural gas-powered fleet, is actively working with some Chinese firms on the implementation of all-electric buses on the service routes. Given that China, faced with serious air pollution problems, is rapidly moving in the direction of non-combustion engine vehicle development, they stand to profit from other countries' need to find non-petroleum alternatives. This is one of the reasons why the US oil industry and other related concerns are so in arms over the Paris Accord: now that demand for petroleum-based fuel products is sharply declining in the US and their market here shrinks, they had high hopes of expanding into other industrialized nations and other emergent economies, but, with the rise in ever more affordable alternate, renewable energy, the expansions are dimming...
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