And the government puts in all the money, builds the Capital gives them the power invest. So if you're the mayor, you want the winning electric car company. Because remember, China does not have oil and natural gas, so they have to build electric because they have coal. right? So they have to build electric. We don't. We're being fools to think that we should have batteries and everything that they make that we don't. That's just foolish. (26:54–27:01)
CLAIM
Asserts that China lacks oil and natural gas resources and relies on coal for electricity.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
