Not Yuan, but EVs: No Retreat for 73% Oil-Importing Us?

China's development of electric vehicles is driven by many reasons, among which energy conservation and emission reduction, as well as reducing dependence on energy, are the two most important.

However, there is actually an even more critical reason, which is to undermine the dollar's oil hegemony.

In reality, what can defeat the dollar is not the renminbi, but our new energy vehicles.

With 73% of oil relying on imports, do we have no way back?

On May 12th, the latest data from the China Association of Automobile Manufacturers showed that the sales volume of new energy vehicles in China in April 2024 was 850,000 units, a year-on-year increase of 22.5%.

Amidst the clamor from Europe and America that China's production capacity of new energy vehicles is excessive, our car sales have once again achieved growth.

The data is the most authentic evidence, proving that the current global situation for new energy vehicles is booming in both production and sales.

You might know that more than 60% of the new energy vehicles sold globally are produced by us, China, which is the world's largest producer and consumer of electric vehicles.

The second is the United States.

In 2023, our country's sales of new energy vehicles reached 9.59 million units, with a global market share exceeding 60%.

This is the ninth consecutive year since 2015 that our country has held this position.

Of course, despite the good development of our new energy vehicles, some people still say that new energy vehicles, especially batteries or electricity, are they really environmentally friendly?

Or are we going in the wrong direction?

Moreover, some foreign car giants have started to give up on electric vehicles and return to fuel vehicles or hydrogen energy and other things.

So, are we a bit closed-minded to invest in electric vehicles?

A typical example is that some German car companies have announced the abandonment of new energy, and Japan is fully committed to researching hydrogen energy vehicles.

To be honest, whether the future is the world of electric vehicles or hydrogen energy vehicles, this question is really hard to answer.

Simply looking at Japan's motivation, Japan has no choice but to develop hydrogen energy.

Because Japan is extremely scarce in energy, and electricity is also in short supply.

The only thing that is not lacking is the sea surrounding it, and a large amount of hydrogen energy can be extracted from the water.

If Japan develops electric vehicles, then from the source of lithium mines to batteries, Japan needs to import everything, thus completely losing its competitive advantage.

As a traditional export-oriented country, Japan has already lost the export advantage of traditional industrial products such as automobiles and ships.

If the position of new energy vehicles is taken away by China, Japan may completely become a third-class country, so Japan can only go hard on hydrogen energy vehicles.

Of course, at least for now, we have no way back in developing electric vehicles.

We are about 100 years behind Europe and America in the era of fuel vehicles, which is a fact that everyone recognizes.

In 1956, our country produced the first car, which was 70 years after the emergence of the first fuel car in the world, and 180 years after the birth of the first steam car.

The engine, transmission, and chassis, these three key parts, actually have a lot of technical difficulties.

If we just follow others, it will definitely be very difficult to grab the market share of foreign brands.

So, we can only take another way, and use our strengths to fight against others' weaknesses.

And electric vehicles are just our strengths.

Because in the three major new key parts of the power system, intelligent cockpit, and autonomous driving, we have obvious advantages.

So, we can surpass the European and American automotive industry and achieve today's achievements.

In addition, in the era of fuel vehicles, the main source of energy is oil, and China is actually an oil-poor country, with a dependence on oil as high as 73%, which is like being strangled by someone.

According to data, in 2023, our country imported 560 million tons of crude oil, a year-on-year increase of about 11%, continuing to rank first in the world, with an import value of 337.494 billion US dollars.

And cars are the big head of our country's oil consumption, with more than 328 million fuel vehicles in China, consuming about 260 million tons of gasoline every year.

Imagine if we all change fuel vehicles to electric, no longer dependent on oil, then our oil import volume will definitely be greatly reduced, and the import cost will also be reduced accordingly.

More importantly, we can get rid of the situation of being strangled by oil and the dollar.

Think carefully, the development of electric vehicles for us is really no way back, we can never follow the tail of the internal combustion engine of Europe and America, otherwise we will be led by them, and we will never catch up with them in technology, and even energy may be controlled by them.

However, if we vigorously develop electric vehicles, we can in turn restrict them.

In fact, the foundation of American hegemony is the financial hegemony of the dollar.

By developing electric vehicles and reducing dependence on oil, we can change the hegemony of oil and the dollar.

Fundamentally shaking the hegemony of the dollar is the ultimate significance of our development of electric vehicles.

The ultimate significance of developing electric vehicles?

When it comes to the issue of defeating oil and the dollar, you may think that it must rely on currencies like the renminbi, then your pattern may still be small.

This shows the key role of strategy in doing big things.

The hegemony of oil and the dollar has a long history, but it is a good helper for the United States to harvest the world, and it achieves its own goals by controlling the dollar tide or manipulating oil prices.

If you want to deal with Russia, you suppress oil prices, if you want to deal with China, you lower oil prices.

Now the United States has created a dual-track system of oil prices through sanctions and suppression.

That is to prohibit Europe and its allies, including Japan, South Korea, India, etc., from importing Russian oil, and to suppress the export price of Russian oil very low, but the price of its own exported crude oil is not low.

So, when the world is tortured enough by the hegemony of oil and the dollar, there will always be someone to stand up and resist.

For example, the birth of the euro system is to fight for its own currency autonomy!

But now it seems that the plan to challenge the dollar has failed!

Speaking of the power of misaligned competition, you can see what has happened in recent decades.

For example, it was not Leica that defeated Kodak, but digital imaging, a new type of technology!

Another example is that China's layout in the new energy vehicle industry is like tearing a gap in the iron curtain of the hegemony of oil and the dollar!

This shows the country's emphasis on new energy vehicle products, which is definitely a good thing for the people!

First of all, from the perspective of new energy vehicle technology, new energy vehicles can easily meet the highest demand for power torque and energy consumption in the starting stage of vehicles because they use the high torque advantage of electric motors.

Even hybrid vehicles can greatly reduce the consumption of fuel for vehicles.

And pure electric vehicles can greatly reduce our driving costs.

Of course, new energy vehicles also have an irreplaceable role in meeting people's demand for a better driving experience.

For example, a long time ago, the level of vehicles was closely related to displacement, and only those high-end, expensive models were equipped with large displacement performance-level power.

Even in the craze of fuel power turbocharging, the more powerful and extremely high cost of large displacement turbocharged engines can only meet the pursuit of performance by ordinary consumers!

However, the high price that followed made most people stop and think!

Although everyone knows that in high-load states like highways, the consumption of electricity will definitely be much more than slow charging and fast running in the city, which will undoubtedly have a certain impact on the vehicle's range.

However, with the continuous reduction of battery costs and the gradual increase of pure electric range, new energy vehicles can easily meet our pursuit of power that we didn't dare to think about before!

Of course, both traditional fuel vehicles and emerging new energy vehicles each have their own advantages and disadvantages.

But overall, in addition to the strategic needs of the country, such as intentionally or unintentionally breaking the hegemonic position of oil and the dollar, coupled with the performance equality brought by new energy vehicles, it can be said that whether from a macro level or a micro level, the emergence of new energy vehicles is definitely more beneficial than harmful!

However, just a few days ago, a shocking news came from abroad, including German car manufacturers represented by Mercedes-Benz, and other car companies in the United States and Japan, which collectively announced the cessation of research and development and production of electric vehicles!

This scared some people in China, and they thought: "You see these car powers are not doing electric vehicles, so why should we continue to develop this thing with four wheels plus batteries and electric motors?"

In fact, from the actions of some Western governments, this may just be a strategy for them to exert pressure on China's automotive industry system.

However, the wheel of history will always move forward, and if you go against the trend, you may end up in a bad situation.

Of course, this may also be a smoke bomb for them.

But no matter what, China's new energy vehicle industry has achieved great success, from the supply chain to the whole vehicle manufacturing, we have mastered the core technology of new energy vehicles, and are no longer subject to Europe and America.

Recently, there is also a news that solid-state batteries have successfully broken through the technical bottleneck of 400 watt-hours per kilogram, as long as the range can reach 1000 kilometers, the actual range can exceed 700 kilometers.

In this way, traditional fuel family cars seem to have no future.

Even if Europe and America still insist on using fuel power, their market can no longer digest such a huge capacity, and the sanctions of American electric vehicles on us have almost no effect, and the export of our electric vehicles to the United States can also be ignored.In this context, as China's international influence continues to grow, the Belt and Road Initiative has also enabled many overseas markets to gain a deeper understanding of the advantages of new energy vehicles, thereby better meeting the needs of the broad masses of people.