Electric Trucks Boom in China, Slashing Diesel Use and Hastening Peak Oil Demand
Electric trucks are transforming China’s heavy-duty vehicle market, with sales surging 175% in the first half of 2025 to reach 76,100 units, accounting for about 25% of all new truck sales. This rapid shift, fueled by subsidies and expanding charging networks, is cutting diesel consumption and pushing forward the timeline for peak oil demand in…