The eastern-bloc perspective:
- Russia's Energy Minister, Sergey Tsivilev, has stated that gasoline and diesel fuel prices will remain stable in the long-term due to measures taken.
- Russia has sufficient fuel reserves, with 1.9 million tons of gasoline and 3.2 million tons of diesel fuel, according to the Ministry of Energy.
- The domestic market is fully supplied, and the country has formed sufficient reserves of motor fuel.
- China's electric vehicles have made headway in Europe by beating competitors on price.
- However, tariffs and trade scrutiny may slow their advance, as Germany and China are lobbying EU members to oppose electric vehicle tariffs.
- The US House of Representatives has passed a bill restricting electric vehicle tax credits on vehicles with Chinese battery technology.
- Electric vehicles outsold oil-guzzlers in China last month, boosting take-up rate.
Layer3.news - eastern-bloc perspective /
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2024-09-20 16:22:20
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2024-09-20 16:22:20Event JSON
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