US EditionThe Iran War Has the World Buying More Clean Energy. China Stands to Benefit the Most
Ember said Chinese exports of solar, batteries and EVs rose 70% in March as oil price volatility pushed countries toward cleaner energy.
- Chinese exports of solar technology, batteries, and electric vehicles reached record highs in March, according to energy think tank Ember, as global oil supply shocks accelerated clean energy adoption worldwide.
- Volatility in the Strait of Hormuz, where the Iranian military effectively barricaded transit after February airstrikes, has spurred regional anxieties about energy security and hastened the transition to renewable alternatives.
- In March, China exported 68 gigawatts of solar technology, surpassing the previous record by 50%, while battery exports reached $10 billion with particularly high growth in India and Australia.
- Global electric vehicle adoption reduced oil consumption by about 1.7 million barrels last year, while UK Energy Secretary Ed Miliband stated, "The era of fossil fuel security is over."
- Lauri Myllyvirta, co-founder of the Centre for Research on Energy and Clean Air, cautioned the surge may be unsustainable, noting sales were bolstered by stockpiling before China discontinued a tax rebate in April.
11 Articles
11 Articles
China's Cleantech Machine Hits Top Gear as Oil Markets Crumble
Chinese exports of clean technology, including solar panels, electric vehicles, and batteries, surged to a record-high in March as the war in the Middle East resulted in a major oil and gas supply shock that drove consumers and governments to lean more on renewable energy and EVs. The export value of all of China's clean tech exports surged to $25.77 billion last month, data by energy think tank Ember showed. This was 30% higher than the value o…
China’s clean tech exports surge amid the Iran war
China’s exports of electric vehicles, batteries, and solar cells has surged since the war in Iran started. Sheet metal car parts being built in the city of Fuzhou, south-east China. Photo credit: CFOTO / Sipa US / Alamy. By Niu Yuhan Exports of China’s “new three” products rose sharply in March: electric vehicles climbed by 53% compared to the same month last year, while lithium batteries were up 34% and solar cells jumped 80%, according to cust…
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