More horsepucky. For decades the Chicoms have been developing their oil reserves all over the WORLD. From all over south African countries to the Caribbean and beyond the Chicoms pursue oil. They may eventually have more cars with the hybrid option, but not just electric.
“For decades the Chicoms have been developing their oil reserves all over the WORLD.”
This is true, but relying on foreign sources for energy is inherently costly and unstable. The supply routes can be disrupted, leading to catastrophe; consider the problems of Germany and Japan in WWII.