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China’s embrace of rail and EVs stalls holiday petrol demand (www.businesstimes.com.sg)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 17 points 2 months ago

Beijing’s policy biases also paint a bleak picture for consumption going forward. The take-up of electric vehicles (EVs) and investment in high-speed rail have blunted Chinese demand for petrol, which is set to peak by 2025, the International Energy Agency said in June."

You weren't joking. Bleak for who, Bloomberg!?

And the policy bias bs. The children of China crave the refreshing vapors of car pollution and the evil ccp is taking it aways from them.