Shift toward EVs, particularly in China, could disrupt global oil market, energy report says

The Afternoon WireIdaho will begin using deep veins as backup for lethal injection executions, officials sayGeorgia judge blocks ballot counting rule and says county officials must certify election resultsHarris works to energize Black male voters while Trump continues to attack immigration policyJudge hits first home run of this postseason and Yankees beat Guardians 6-3 for 2-0 ALCS leadLawyers for Sean 'Diddy' Combs ask judge to release identities of his accusersTrump's economic...

China already accounts for half the world’s electric cars on the road. By 2030, it’s projected that 70% of new car sales in China will be electric. With its massive additions of new wind and solar power, China is aligned with its target for addressing climate change, seeing emissions peak and begin to decline by the end of the decade.

As China’s rapid switch to electricity plays a significant role in disrupting the oil market, oil companies find they can sell more of their product to India. The IEA projects that India will add nearly 2 million barrels per day of oil to its demand by 2035, potentially offering a lifeline to oil producers looking to offset declining growth in other regions.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Shift toward EVs, particularly in China, could disrupt global oil market, energy report saysAn increasing shift toward electric vehicles globally, especially in China, is poised to disrupt the global oil market, according to a new report by the International Energy Agency.
Fuente: wjxt4 - 🏆 246. / 63 Leer más »