China turns to electric taxis to soften Hormuz oil shock
About half of China’s 1.3 million-strong taxi fleet is electric, according to the Ministry of Transport Tesla electric vehicles are pictured at one of the company’s delivery centers in Valenton, near Paris, France, April 24, 2025—REUTERS China has an increasingly important buffer against oil price shocks: electric taxis. Across Chinese cities, taxi usage and ridesharing … Read more