Car oversupply.

As EV purchases in China soar in an overall sluggish market, sales of old fashioned petrol-fueled car sales are languishing and factories are idle or shuttered, The New York Times reports.

The oversupply of both EVs and those with internal combustion engines is about to inundate the planet in the form of cheap imports, with major implications for the energy transition.

Bill Spindle

Senior Global Correspondent