A China-Led Shift to Electric Vehicles Will Help Bring an End to the ‘Oil Era,’ Study Says

Source: Inside Climate News


An aggressive, China-led shift to electric vehicles is expected to slash global oil demand growth by 70 percent by 2030 and will help bring an end to the “oil era,” according to new research by the think tank Carbon Tracker. Within 10 years, China could save more than $80 billion in annual oil import costs as electric vehicles become increasingly competitive, the report said.

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