Electric cars take over China: Important lessons for Indian refiners here
Mar 09:
Electric cars account for 50% of all cars sold in Shanghai 8Overall, 25% of all cars sold in China is electric. 8And China is so far ahead that no other country can bridge the gap 8Also, charging infrastrucutre that we break our heads about in India is not a big deal as that is never getting used 8What 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 8It has not happened in China either 8But there are important lessons here for all refinery owners as well as CGD companies Click on Reports for more.