The post China’s EV Boom May Reduce Gasoline Demand, Signaling Shifts for Global Oil Markets appeared on BitcoinEthereumNews.com.

COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process—not noise. 👉 Sign up → China’s EV boom has significantly reduced gasoline demand during the Golden Week holiday, dropping nearly 9% year-on-year to 12.5 million tonnes in October. This shift, driven by widespread adoption of electric and hybrid vehicles for long-distance travel, signals a peak in oil consumption and challenges global oil exporters reliant on Chinese demand. EV trips surged to one-fifth of all car journeys during the holiday, up from traditional gasoline dominance. Nearly half of new vehicles sold in China this year are electric or hybrid, accelerating the transition from fossil fuels. Gasoline consumption peaked in 2023 and is projected to decline over 4% annually, with overall oil demand topping out by 2027 according to state researchers. Explore how China’s EV adoption is reshaping global oil markets with declining gasoline demand during festive periods. Discover implications for exporters and future energy trends—read on for expert insights and data. How is China’s EV Boom Impacting Global Oil Markets? China’s EV boom is profoundly disrupting global oil markets by curbing gasoline demand, particularly evident during the recent Golden Week holiday when consumption fell nearly…

---

Filed under: News - @ October 31, 2025 10:26 pm