Related Articles
Forward article link
Share PDF with colleagues

China spearheading EV adoption

The country leads the world in embracing electric vehicles, but this does not necessarily mean domestic demand for oil will decline anytime soon

China surpassed the United States as the number one crude oil importer in 2017 and again bolstered its import record in 2018, according to the International Energy Administration, while maintaining vast refining capabilities that exceed domestic demand. But the country also has the fastest growing adoption of electric vehicles (EVs) and is a world leader in several forms of renewable energy. Together, these attributes mean it perhaps forms the most useful microcosm of how the global EV revolution will play out for the energy sector. Passenger vehicles account for about a quarter of global oil demand. But BNP Paribas paints a dire picture for the future competitiveness of oil in the sector,

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Schlumberger pivots portfolio towards net zero
25 June 2021
Firm sets aggressive new 2050 decarbonisation promise with rare scope three emissions detail
Maine makes state fossil-fuel divestments a point of law
25 June 2021
Other US states expected to follow Maine’s lead, especially heavily Democratic ones on east and west coast
Brazil solar PPA demand rises ahead of grid rule change
24 June 2021
Lisarb Energy sees spike in interest from corporate offtakers to lock in contracts before rise in grid costs for solar projects
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video