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flag Electric truck sales in China skyrocketed 175% in H1 2022, significantly cutting diesel use.

flag Electric truck sales in China surged 175% year-on-year to 76,100 units in the first half of 2022, accounting for about 90% of new energy truck sales. flag This growth, driven by subsidies and expanding charging infrastructure, is reducing diesel usage and impacting oil demand forecasts. flag Analysts now predict a peak in Chinese oil consumption sooner, with diesel demand in the transport sector expected to drop by 40% by 2030.

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