China's EV export boom is starting to show up in the gasoline market

https://www.reuters.com/commentary/reuters-open-interest/chinas-ev-export-boom-is-starting-show-up-gasoline-market-2026-08-04/

60 points · 3 comments · view on lemmy.world

3 Comments

altphoto@lemmy.today · 9 pts · 18d (1 reply)

Big T is helping out by making everything very murky. Once the dust settles, we, the US will find ourselves as the only consumers of gasoline.

AwesomeLowlander@sh.itjust.works · 3 pts · 18d

All part of his master plan for low gas prices!

ignirtoq@feddit.online · 8 pts · 18d

The countries highlighted here have collectively cut gasoline imports by roughly a third so far in 2026 compared to ​the same months last year, while simultaneously boosting imports of Chinese EVs to record highs.

Doesn't that correspond to the global crunch on oil caused by the war in Iran? Which simultaneously dramatically increased gasoline prices while also accelerating many countries' transition to cleaner energy sources? It's not clear their analysis accounts for this common factor.