China's gasoline demand is on track for its steepest drop since Covid lockdowns as the Iran war pushes pump prices 30% higher and EV adoption accelerates.

EVs now make up nearly all of the top 10 selling cars in the world’s largest auto market.

China's gasoline demand is on track for its steepest drop since Covid lockdowns as the Iran war pushes pump prices 30% higher and EV adoption accelerates.