China's E-Bus Fleet Dents Global Oil Demand.

Byline: Katharina Buchholz

Looking for an electrification project that really dents global oil demand, one has to look past Tesla and towards China's massive fleet of electric buses. Close to 400,000 have been introduced to Chinese streets in a coordinated effort by the Chinese government and the result is big. When it comes to global oil demand displacement, the amount of oil that becomes obsolete through diesel bus to e-bus conversion is far bigger than the displacement amount for diesel light vehicles and even all gasoline vehicles combined. Considering that 99 percent of the global electric bus fleet is Chinese, a major part of oil displaced by electric vehicles globally is just the result of the Chinese buses.

Even though the Chinese fleet saves oil, the electricity they run on is not necessarily carbon...