CHINA EV PUSH WILL CURB WORLD'S OIL DEMAND GROWTH WITHIN A DECADE

SHANGHAI — An aggressive China-led shift to electric vehicles is expected to slash global oil demand growth by 70% by 2030 and will help bring an end to the "oil era," according to research by the Carbon Tracker think tank published on Friday. Within 10 years, China could save more than $80 billion in annual oil import costs as new-energy vehicles (NEVs) become increasingly competiti...