EnergyReader · 2026-08-06 12:11

IEA: Seven in Ten Chinese Electric Cars Were Cheaper Than Conventional Rivals in 2025

By EnergyReader Newsroom · August 6, 2026

In the first half of 2026, China's electric vehicle fleet displaced an estimated 34 million tonnes of oil, according to analysis published on Tuesday (2026-08-04). Converted to crude-equivalent volumes, that amounts to around 1.35 million barrels per day, more than 1% of total global oil consumption. Six months at that pace equals roughly 6% of a full year of Chinese crude imports; annualised, the rate would approach 12%.

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