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While the solar industry really got its jumpstart in the US, and then grew to a significant level in Germany, it’s China that completely exploded the industry while driving costs down to unbeatable levels. The same thing basically happened with electric vehicles as well.
However, there’s still much more that can be done in China, as well as Asia more broadly of course. A new report from Ember highlights that in some eye-popping ways.
Saving $350 Billion A Year
One big headline figure is that the organization estimates Asia could eventually save $350 billion a year on oil imports if it electrified its fleets. $350 billion. Every year.
