Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide
Green Car Congress
MAY 22, 2019
Low-speed electric vehicle sales there appear to have slowed in 2018, but manufacturers still sold nearly 1.5 At the current estimated low-speed electric vehicle fleet size, the potential fuel demand displacement could exceed 60,000 barrels per day—2% of current total Chinese gasoline demand.
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