Who cares what China does? We have an aging grid and power generation thats being taken up by AI processing. Electricity prices are going up while gasoline keeps dropping. At some point it will absolutely be cheaper to own a gas vehicle. And California is about to charge EVs taxes by the mile so that advantage will be gone.
Why would it ever be cheaper to own a gas car? As the demand drops for oil due to increasing electrification the oil companies will start shutting down wells, expensive ones first, so that supply doesn't outstrip demand. They aren't going to *give it away*: they're going to keep stiffing you for as much you will bear for as long as you will bear it. But at some point the cost to run the infrastructure for the ever-decreasing pool of vehicles that use it will start to become the limiting factor. When you're the only guy still driving a petrol car, are you going to be able to afford to run the oil refinery single-handed?
You're right about AI slop increasing electricity demand, for now. But the bubble will burst and a ton of companies are going to end up with racks and racks of useless GPUs that they will simply switch off and throw in the trash. A criminal waste of resources, sure, but I think it'll happen before we kill the grid. And if it doesn't, well, people care about their lights and fridge working a lot more than they care about ChatGPT, so I think that situation will take care of itself as well.