China's EV penetration could reach 80% by 2030, Reuters reports, citing a Sinopec researcher
China's electric vehicle penetration rate is expected to keep rising, but at a slower pace toward the decade's end, Reuters reports, citing a researcher at state oil company Sinopec.
TLDR
A researcher at state oil company Sinopec expects China's electric vehicle penetration rate to reach 75%–80% by 2030, Reuters reports. The researcher expects the rate to continue rising, with growth slowing toward the end of the decade.
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