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China’s green leap forward is a nightmare for Saudi Arabia and Russia – The Telegraph

China’s green leap forward is a nightmare for Saudi Arabia and Russia – The Telegraph

The existential threat to Saudi Arabia and the OPEC cartel comes from China, not from net zero or from green deals in the West.Chinese sales of petrol and diesel cars fell 20pc in absolute volume terms in February from a year earlier. Sales of plug-in electric vehicles kept rising explosively and reached a record 32pc of the market for standard passenger cars.At the current pace, EV sales in China will hit eight million this year, helped by the proliferation of… 

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