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China's EV shift could disrupt the global oil market

Last Update 16 October 2024

An increasing shift toward Electric Vehicles globally, especially in China, is poised to disrupt the global oil market. The IEA World Energy Outlook 2024 outlines a future where EV adoption continues to gain momentum, potentially displacing up to 6M barrels per day of oil demand by 2030.With its massive additions of new wind and solar power, China is aligned with it .

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2023

BIS Unveils New Standards to Boost Electric Vehicle Safety and Quality

Foundation laid for 630 MW solar project in MP's Chhatarpur district.

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