[MCN] Smith River copper mine plans could take a hit if this is true

[Lance Olsen]

China Daily | #AsiaNewsNetwork  PUBLISHED 2 JUNE 2019

 —China’s electric vehicle (EV) industry has been booming for nearly a decade, with generous subsidies from the Chinese government and state-sponsored marketing efforts.

https://chinadailymail.com/2019/06/01/chinas-electric-vehicle-industry-hit-hard-by-policy-shift-as-beijing-turns-toward-hydrogen-fuel/ <https://chinadailymail.com/2019/06/01/chinas-electric-vehicle-industry-hit-hard-by-policy-shift-as-beijing-turns-toward-hydrogen-fuel/>

Excerpts: However, the research and development (R&D) subsidies are now shifting to vehicles with hydrogen fuel cells, a new technology that, according to industry, is cleaner and more efficient than lithium battery-run cars

On March 26, China’s Ministry of Finance, Ministry of Science and Technology, and other agencies jointly announced changes to the subsidy program for lithium battery-powered electric cars, slashing subsidies by 67 percent.

In addition, subsidies for EV vehicles will be phased out completely after 2020.

The Trigger: Li’s Trip to Japan

Chinese Premier Li Keqiang’s visit to Japan in 2018 fundamentally changed his thinking about electric vehicles.

Li visited Toyota Motor Corp.’s factory for manufacturing EV auto parts in Hokkaido on May 11, 2018, and saw a hydrogen fuel-cell vehicle called “MIRAI.” He learned that the MIRAI, which takes only three to four minutes to fuel, has a 650 kilometer (404 miles) driving range.

According to several Chinese media reports, upon Li’s return to China, several ministries and commissions in China quickly assembled a team to develop hydrogen fuel-cell technology, the first signal that China’s policymakers would make the fuel cells a major R&D project.

A lithium battery has several drawbacks when compared with a hydrogen fuel cell, which uses hydrogen gas as power.

Lithium batteries contain heavy metals such as nickel, cobalt, and manganese, and the mining process to extract such metals can cause pollution to nearby water sources. Meanwhile, processing of copper, lithium, and other metals create toxic waste that, if not treated and recycled properly, can cause serious environmental problems.

The Chinese regime’s phasing out of EV subsidies could be devastating to the industry.

============================
Dec 13, 2018 … Then-15 year old Greta Thunberg to 24th conference of climate delegates " You are not mature enough to tell it like it is."
https://www.youtube.com/watch?v=LM380e0YUV8 <https://www.youtube.com/watch?v=LM380e0YUV8>

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://bigskynet.org/pipermail/missoula-community-news_bigskynet.org/attachments/20190602/4fbcd4ca/attachment.html>