Comment by barbazoo
And they’ll need to be as cheap or cheaper than an ICE car :)
And they’ll need to be as cheap or cheaper than an ICE car :)
Automobile marketshare for battery electric vehicles (BEV) in China reached 27% in 2024, compared to 13% in the EU and 8% in the US.
Wow I didn’t realize adoption was so high in China
https://www.bcg.com/publications/2025/what-chinas-ev-market-...
It’s very exciting imho, uptake of EVs and hybrids in China is contributing to noticeable oil demand destruction, and Chinese oil companies have already called the demand peak.
https://cleantechnica.com/2024/11/21/the-us-energy-informati...
https://www.iea.org/commentaries/oil-demand-for-fuels-in-chi...
https://oilprice.com/Latest-Energy-News/World-News/CNPC-Chin...
If you include PHEV, it's over 50% now: https://www.techinasia.com/news/china-sets-record-with-new-e...
They already are significantly cheaper than ICE in China, the rest of the world won't be far behind.