China turns to electric taxis to soften Hormuz oil shock

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China turns to electric taxis to soften Hormuz oil shock

AI Summary

China is adopting electric taxis as a strategy to mitigate the effects of the oil supply shock caused by tensions in the Hormuz Strait. This shift aims to reduce dependency on oil imports and promote cleaner transportation alternatives.

World Markets Energy China electric taxis Hormuz Strait oil shock energy transition

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