Electric cars take over China: Important lessons for Indian refiners here – 10 Mar 2023

Electric cars account for 50% of all cars sold in Shanghai

Overall, 25% of all cars sold in China is electric.

And China is so far ahead that no other country can bridge the gap

Also, charging infrastrucutre that we break our heads about in India is not a big deal as that is never getting used

What happens to oil demand once the craze picks up in India? Like with all things, it will be quite a while before there will ever be a dip in oil demand

It has not happened in China either

But there are important lessons here for all refinery owners as well as CGD companies

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