CNPC: China’s oil demand may peak in 2025 (December forecast) instead of 2030 (forecast 10 months ago). Due to rapid adoption of EVs. By 2025, Gartner estimates that 49 million EVs will be on the road in China.

CNPC: China’s oil demand may peak in 2025 (December forecast) instead of 2030 (forecast 10 months ago). Due to rapid adoption of EVs. By 2025, Gartner estimates that 49 million EVs will be on the road in China.

Source: punishGoalhanging