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China’s EV Taxi Boom Is Giving the World’s Biggest Oil Importer a Buffer Against Strait Of Hormuz Supply
China's electric taxi and rideshare boom is cutting oil demand and reducing fuel prices, as more passengers opt for cheaper app-based trips.
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thenextweb.com
China’s electric taxis are blunting the Hormuz oil shock, but only at the margins
China’s crude imports fell 41.3% in June to a decade low. Half its 1.3 million taxis now run on batteries, but refinery cuts did the heavy lifting.
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benzinga.com
China’s EV Taxi Boom Is Giving the World’s Biggest Oil Importer a Buffer Against Strait Of Hormuz Supply
China's electric taxi and rideshare boom is cutting oil demand and reducing fuel prices, as more passengers opt for cheaper app-based trips.