Octopus Energy on The Rest Is Money

This episode is brought to you by Octopus Energy. Greg Jackson, the CEO, is with us now. So, Greg, I've got a question for you. Is it true that by 2040 in China, there will be no petrol stations because everyone will be driving electric cars? 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 are quiet. I mean, all of the two-wheel vehicles that used to pump out pollution and noise are now electric. Pretty much all the 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. Greg, thank you very much. Now on with today's episode.