China’s road fuel demand displacement reaches 1.3 Mbd in 2026 as high prices accelerates technology shift

China’s road-fuel demand downturn is becoming increasingly structural as elevated prices accelerate the shift toward electric passenger cars and alternative-powertrain trucks this year. Gasoline and diesel demand are set to fall by around 440 kbd in 2026 while technology-driven displacement reaches 1.3 Mbd, raising the risk that much of this year’s demand loss will persist ...

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