China

China electricity-rich areas pivot to building EV charging piles after bitcoin mining ban, giving a leg up in electric car sales




China’s hydroelectric power capacity, left unused after the ban on cryptocurrency mining, has created the perfect opportunity for electric car (EV) changing networks to grow, creating the condition that could further bolster the popularity of so-called new-energy vehicles.The ban on energy-sapping cryptocurrency mines saves more than 50 terawatt-hours (TWh) of electricity, enough to power an industrialised city with 1 million residents for 33 years , or support 10 million Tesla Model 3s a year…



READ SOURCE

See also  Chinese ship hits and sinks Vietnamese fishing boat in South China Sea, detains crew

Leave a Reply