Post #4506233
2024-11-28 12:56 UTC
Now, according to official statistics, China’s sales of electric vehicles and hybrids have in fact reached a tipping point. They’ve accounted for more than half of retail passenger vehicle sales in the four months from July, according to the China Passenger Car Association
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@HandgunYoga@mastodon.world 2024-11-28 12:58
The more rapid-than-expected uptake of EVs has shifted views among oil forecasters at energy majors, banks and academics in recent months. Unlike in the US and Europe - where peaks in consumption were followed by long plateaus — the drop in demand in the world’s top crude importer is expected to be more pronounced. Brokerage CITIC Futures Co. sees Chinese gasoline consumption dropping by 4% to 5% a year through 2030.