EVs put an end to China’s usual holiday surge in gasoline use

EVs put an end to China’s usual holiday surge in gasoline use

By Sam Li and Lewis Jackson

BEIJING (Reuters) -Tianyu Jiang took a 2,000-km (1,200-mile) highway journey this month during China’s national holiday week, driving in his electrical automobile from the southwestern Sichuan basin to Beijing for the first time.

“I used to drive a petrol car and had never taken an EV for such a big trip, but long-distance driving for an EV doesn’t feel like a problem anymore,” Jiang said.

He is among tens of tens of millions of Chinese more and more taking to EV automobiles, who benefited from expanded charging infrastructure to reverse the usual increase in gasoline use during the October holiday often known as “Golden Week”.

Far from a peak, China’s gasoline demand is estimated to have fallen 9% in October on the 12 months to 12.5 million tons, with common daily use roughly flat with September, according to Chinese consultancy Sublime China Information (SCI).

The sagging holiday demand is symptomatic of the broader decline in Chinese gasoline use stemming from wider EV adoption, heralding the approaching end of its decades-long function as the main driving power of new global oil demand.

Gasoline consumption in the world’s largest importer of crude peaked in 2023 and the research unit of state oil company Sinopec expects demand to fall more than 4% this 12 months from 2024.

During the first 9 months of the 12 months, EVs and hybrids made up nearly half of all new automotive sales.

A fifth of the 63.5 million automotive journeys during the eight-day holiday break have been in electrical or hybrid automobiles, the transport ministry says.

Daily use of electrical energy by charging stations, a proxy for EV use, rose 45.73% during Golden Week this 12 months, versus 2024.

EV adoption has benefited from China’s push to build charging infrastructure, with some 18 million charging ports by the end of September, up 54.5% on the 12 months.

“During travel peaks, both charging and refuelling mean waiting,” said Jiang. “If you really need a charge, exit the highway and you will find charging stations within 10 km (6 miles), and it’s cheap.”

(Reporting by Sam Li and Lewis Jackson in Beijing; Editing by Clarence Fernandez)

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