Blogger Comment: The Biggest Secret and the People do NOT know about it, but here it is and it will end with the destruction of all western civilization as a fact of the highest order…and I will let the CAT out of the BAG in other words here…..

Whatever you think about China they will be thinking all western politicians are literally mad and they clearly are, for the Chinese people build their economy and we in the West destroy them…unfortunately that now is a truism of the highest order and why as always are we under the cosh of the western imperialist Globalists destruction mode and control…for we are on the  precipice of unparalleled  destructive neglect that will take all western economies down and all we have to thank for that is the Globalists who don’t think or give a fuck about the West, although they have drained it nearly dry of all the $ trillions of wealth they have got through deceit and lies and still getting the last drops out of the West’s final $ trillions by the day…when will Western people wake up to REALITY…probably never…and where then we shall all be captive slaves to the western Globalist Satanic system of death by a 1000 cuts, and where we are on cut 997 now and heading towards cut 1000 and a place called 1984 by 2030 as Orwell knows well…the dystopian world beckons for West that the Globalists and our western politicians have created for us to live and die  and to our last resting place as a past civilization…all planned of course over 100 hundred years ago and in earnest…don’t hope for any change in our politicians as the Globalists are going to unleash continual without end, unimaginable never-ending global disasters (its started in France already today) that will keep their Globalist controlled political leaders in power through constant and unending states of emergency, and where the people will never get a chance to vote again until the Globalists have full control and then you will have no chance of a vote ever again of course…so that’s the Globalist plan, so wake up quick or your only chance will have gone forever over the next three years…

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China is accelerating one of the world’s largest shifts away from gasoline-powered cars, setting a target for electric and hybrid vehicles to account for as much as 70% of all passenger vehicle sales by 2030 as the country’s demand for road fuels continues to plunge.

The target is part of China’s new five-year automotive industry plan, compiled by nearly a dozen government agencies, and represents a dramatic increase from the 54% share held by so-called new energy vehicles at the end of last year.

China is also targeting electric vehicles to account for 40% of new commercial vehicle sales by 2030.

But the country may reach its passenger vehicle target well ahead of schedule.

EVs and hybrids already accounted for 65% of passenger car sales in China in August, according to data from the country’s Passenger Car Association.

Oil Price Shock Accelerates EV Shift

China’s transition was already advancing rapidly, but this year’s oil and fuel price shock following the outbreak of the war in Iran has accelerated the movement away from conventional vehicles.

Higher fuel costs have pushed more Chinese drivers toward EVs while simultaneously destroying some demand for gasoline and diesel.

The result is increasingly visible in China’s oil consumption.

Road fuel demand is now falling for the second consecutive year, with this year’s decline becoming significantly steeper as elevated oil prices combine with growing EV adoption.

That trend is forcing China’s enormous refining industry to prepare for a future in which demand for gasoline and diesel no longer grows alongside the country’s economy.

Chinese state refiners are already planning for road fuel consumption to plateau and then decline.

World’s Largest Refiner Sees Demand Tumbling

Sinopec, the world’s largest refiner by capacity, expects China’s total oil demand to fall 8.9% in 2026 compared with the previous year.

The company’s Economics & Development Research Institute expects gasoline consumption alone to decline 8.7%.

Diesel demand is projected to fall even more sharply, plunging 11.4%.

The forecasts reflect two forces hitting China’s petroleum market simultaneously: the destruction of demand caused by high oil prices and the country’s increasingly rapid adoption of electric vehicles.

The latter trend was already suppressing oil consumption before disruptions to crude supplies in the Middle East sent energy prices higher.

China’s New-Car Market Is Rapidly Going Electric

The scale of China’s EV transition means the 70% goal no longer looks particularly distant.

With electric and hybrid vehicles accounting for 65% of passenger car sales in August, the country is already within five percentage points of its 2030 target.

If the current pace continues, analysts believe China could reach the government’s goal years early.

That would have major implications beyond China’s auto industry.

China has long been one of the world’s most important sources of oil demand growth.

Replacing an increasing share of gasoline and diesel vehicles with electric models removes a major source of future petroleum consumption.

And unlike a temporary drop caused by high fuel prices, vehicles permanently shifting from gasoline to electricity represent structural demand destruction that does not simply return when oil prices fall.

The transition is now expanding beyond passenger cars as Beijing pushes for 40% of new commercial vehicles to be electric by the end of the decade.

China’s Oil Industry Prepares for a Different Future

The changing vehicle market is forcing refiners to confront an increasingly difficult reality.

China’s enormous refining system was built during decades in which rising vehicle ownership translated into ever-higher demand for gasoline and diesel.

That relationship is now breaking down.

Even without this year’s energy shock, rapid EV adoption had already begun suppressing the country’s appetite for road fuels.

High oil prices have simply accelerated the process.

With nearly two-thirds of China’s new passenger vehicles already electric or hybrid and Beijing now officially targeting 70% by 2030, the country’s automotive market is approaching a point where gasoline-powered vehicles become the minority of new sales.

For global oil markets, the consequences could be substantial.

China helped drive petroleum demand higher for decades. Its government is now overseeing an automotive transformation that is rapidly removing one of the biggest engines behind that growth.

Follow the link for the source… https://slaynews.com/china-sets-massive-70-ev-target-as-oil-demand-plunges/

And,

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