Canada expects to announce this week that all new cars will have to be zero emissions by 2035, a senior government source said, as Ottawa is set to unveil new regulations in the latest example of countries around the world pushing for electrification.
Eh, I have a genuinely hard time believing that companies who rely on what’s going to eventually be ‘free’ and ‘clean’ energy aren’t going to capitalize on it and make bank. Especially with the cultural zeitgeist of younger generations hating on fossil fuels.
It’s a fools errand to invest in fossil fuels. In the end, those fuels can just be shipped to your local power plant anyway until better nuclear comes along.
The Saudis have active plans to work with car makers to sell super cheap IC cars into the African market. Qatar owns a 17% stake in Volkswagen already. That might be used for similar purposes.