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China has every incentive to switch since they’re an oil importer and a battery and solar panel exporter with major smog issues, especially in Beijing. Even without global warming, they’re better off electrifying as much as possible.
Plus, we should probably all have a Plan B. How much oil is coming from countries at war, threatening war, or forced to ship their oil through tiny straights within rocket firing distance of a U.S./Iran proxy war? Even the Panama Canal (drought) is having issues.