China's Car Sales Slump As Gasoline Demand Craters
China's Car Sales Slump As Gasoline Demand Craters Authored by Irina Slav via OilPrice.com, Chinese car sales in China fell by 21.5% in April, driven by lower demand for gasoline-powered vehicles amid higher fuel prices. EV demand failed to offset the drop in internal combustion engine vehicle sales, as well. According to Bloomberg data, total car sales in China last month hit 1.4 million. This was the lowest since 2022, when China was still in the grip of Covid lockdowns. Interna...
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