Tuesday, 02 January 2024 12:17 GMT

EV Adoption Is Shrinking China's Oil Usage


(MENAFN- Investor Brand Network) Electric vehicle adoption is cutting China's oil consumption for the first time in twenty years. The country's fuel demand dropped in 2024, reversing decades of growth that saw oil usage more than double since 2004.

Given that North American-based EV makers like Bollinger Innovations, Inc. (OTC: BINI) are also working to ramp up their penetration of the local and regional auto industry, the resulting widespread uptake of...

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