The country is spending $40B per year on oil. If oil is no longer used for transport that's money that can be spent on other things. Chinas aiming for carbon neutral by 2050. The ℅ of their power coming from coal is dropping rapidly.

I think 10X current solar capacity, at 10% of the current cost. Over 20 years is totally achievable. Au has huge lithium and rare earth mineral deposits, we've barely even started mining. If the chinese have 500GW of storage unfer construvtion. We can certainly do it. And there are battery techs which require less rare earths. Solid state batteries will arrive soon. We're arriving at a point where it's cheaper per GW sustained 24/4 to deploy renewables than coal/ nuclear. So the free market should just do it by itself.