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Beijing: E-trucks are the latest threat to oil demand

Beijing: E-trucks are the latest threat to oil demand

State incentives boost the sale of electric trucks in a segment that is traditionally operated with diesel. There is more than a quarter of the Chinese oil requirement.

Benzinna issue has already declined in the long term due to the rapid spread of battery -operated cars. The fuel in the oil requirement currently has a share of more than one fifth.

According to Bloombergnef, 22 percent of the sales of light commercial vehicles accounted for electric vehicles in April, compared to 13 percent in the same month in the previous year.

With the larger trucks, the increase is even more pronounced: here he tripled to 15 percent of the total sales. The diesel issue is thus threatened with two fronts, since liquid gas has already been on the rise as a truck fuel in recent years.

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China is the largest oil importer in the world: changes in the traffic sector there therefore make high waves on the global energy markets.

The threat to diesel is enormous

Analyst Amy Sun from GL Consulting assumes that more than 70 percent of fuel consumption in China will be on road freight transport or on vehicles that are used in mines and on construction sites.

The government in Beijing promotes the switching of fossil fuels with tax releases in electric vehicles including trucks. At the local level, the administration tries to boost economic growth through scrackling premiums, which also reward the purchase of electric vehicles.

By the end of the decade, consumption should decrease by 26 percent compared to the previous year.

The apparent demand for diesel fuel in China, which includes production and imports, fell 8.4 percent to 3.78 million barrels a day in April compared to the previous year. By the end of the decade, consumption should decrease by 26 percent compared to the previous year, as SUN from GL Consulting announced in a briefing last week.

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Over the next three years, the proportion of electrical trucks in the total sales could increase to 50 percent, forecast Robin Zeng, Chairman of the Energy Giant Giant Contemporary Amperex Technology last month when a new battery for heavy trucks.



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