Comment by bryanlarsen
Comment by bryanlarsen 8 days ago
They already are significantly cheaper than ICE in China, the rest of the world won't be far behind.
Comment by bryanlarsen 8 days ago
They already are significantly cheaper than ICE in China, the rest of the world won't be far behind.
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...
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-...