Highlights Passenger car sales sink 6% in 2018, first drop in 20 years Gasoline demand growth to fall below 3% in 2019: Platts Analytics EVs to displace 2.23 mil b/d of Chinese gasoline demand by 2040 Singapore — Going into 2019, China’s gasoline demand growth will be capped by a slowing economy, falling car sales, growing fuel efficiency and the inevitable electrification of road transport. Receive daily email alerts, subscriber notes & personalize your experience. Register Now These risks to transportation fuel demand in the world’s second-largest economy have implications for the crude barrel, as the onus for oil demand growth had shifted to China’s consumer economy from its industrial sector in recent years. In 2018, China’s passenger car sales fell 5.8% year on year to 22.35 million units, the first annual decline in a 20-year period of consistent growth, data from China Passenger Car Association showed this week. […]