Greg Jackson

And if we don't understand what they're doing and find ways to work with them, we're going to get left behind.

Look, the reality is it used to be about China stealing our secrets, but now their own investment in technologies means that solar panels are 400 times cheaper than they were 40 years ago.

Batteries for electric cars are 10 times cheaper than they were 12 years ago.

If we can find ways to work with this, we can bring costs down for British people, and that's got to be a good thing.

We're delighted to say that this year the rest is money is powered by Octopus Energy.

So we're joined by its founder and CEO, Greg Jackson.

Hiya, Greg.

You travelled with Prime Minister Keir Starmer on his latest trip to China.

Why?

Greg, thank you very much.

Now on with today's episode.

It's the David Silver business.

Yeah, crazy as it seems, the Chinese state oil company, the one in charge of its petrol stations, is planning on having none by 2040.

If you visit China today, what's really striking is the roads...

quiet.

I mean, all of the two-wheeled vehicles that used to pump out pollution and noise are now electric.

Pretty much all the taxis, buses, increasingly more than half the private cars that are sold are now electric.

And even this year, so far, 25% of their trucks are electric.

So that electrification means that they're going to be less affected by global oil shocks and they won't have any petrol stations.

Yeah, crazy as it seems, the Chinese state oil company, the one in charge of its petrol stations, is planning on having none by 2040.