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China’s EV Taxi Boom Is Giving the World’s Biggest Oil Importer a Buffer Against Strait Of Hormuz Supply Shocks

BenzingaJul 15, 2026, 1:37 PMShomik Sen Bhattacharjee

China's electric taxi and rideshare boom is cutting oil demand and reducing fuel prices, as more passengers opt for cheaper app-based trips.

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benzinga
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Jul 15, 2026, 1:37 PM
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Jul 15, 2026, 1:37 PM
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