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20 Nov
14:25

China-led EV revolution can end 'oil era': report

Financial think tank Carbon Tracker claims a China-led adoption of electric vehicles (EVs) could reduce global oil demand by as much as 70%, Kallanish reports. In a new report published on 20 November, Carbon Tracker finds that emerging markets such as China, India South East Asia and parts of Africa can save up to $250 billion per year collectively on oil imports by 2030, by switching to EVs. This would in turn fund the infrastructure required to suppor…
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