IEA says EVs displaced China oil demand by 1.5 mln bpd
Electric vehicles displaced China’s oil consumption by 1.5 million barrels a day in the second quarter, according to the International Energy Agency, as reported by WSJ.
Ed BallardHere's one way to think about how fast electric vehicles are eroding China's oil demand: Imagine France just stopped using the stuff entirely.EVs displaced China's oil consumption to the tune of 1.5 million barrels a day in the second quarter, according to the International Energy Agency…