China's #1 Oil Company Says Peak Gasoline Demand Has Already Passed

05 Sep 2023 | Abstracted from New Atlas

"Chinese new car buyers are now choosing "new energy vehicles"...at a rate of 37.8%, a percentage which has rocketed up from 30.0% in 2022, 15.5% in 2021 and just 5.4% in 2020...EVs were already displacing some 15 million tons of Chinese oil product sales in 2023."

ADDITIONAL RELATED NEWS LINKS

• As Renewables Rise, The World May Be Nearing A Climate Turning Point


• America Has Likely Reached Peak Gasoline Consumption


• Ford Tackles EV Power Grid Concerns With Free Off-Peak Charging Program


• Brace Yourself: Expert's Grim Prediction About The End Of Fossil Fuels In The Auto Industry


• Electric Cars Set Records At Pikes Peak


• BMW Officially Recognizes "Peak Combustion Engine" As EV Tipping Point 'Was Last Year'


• Hate The Chesapeake Bay Bridge? These Electric Ferries Might Help


• Exxon and Chevron Megadeals Reveal Why Days of Easy Oil Are Over


• The Battle Over "Peak Oil" - IEA Vs OPEC


• BMW, Ford, and Honda Create ChargeScape To Help Balance The Electrical Grid Using V2G