China’s EV Taxi Boom Is Giving the World’s Biggest Oil Importer a Buffer Against Strait Of Hormuz Supply Shocks
China’s electric taxi and rideshare boom is giving the world’s largest crude importer a new defense against oil shocks, as higher gasoline prices push more urban travelers out of private petrol cars and into cheaper app-based rides. Rideshare Trips Rise As Fares Fall Chinese passengers took 3.05 billion taxi and ridesh