Electric vehicles and plug-in hybrids are expected to displace 15 million tons of oil products this year, according to China's largest fuel distributor and seller
China’s gasoline demand is set to peak in 2023, two years earlier than expected following theof new-energy vehicles, according to the nation’s largest fuel distributor and seller.
Electric vehicles and plug-in hybrids are expected to displace 15 million tons of oil products this year, Zhou Yan, an official with Sinopec’s retail fuel sales unit, said at a conference in Zhengzhou on Friday. Mileage of NEVs over the first half of the year jumped 80% compared with the same period in 2022.
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