China's EV Boom Is Quietly Undermining Oil's Biggest Chokepoint
The conventional view of the Hormuz crisis is that China has been caught in an energy trap. It is the world’s largest crude importer, the Gulf remains one of its most important sources of supply, and an estimated 45–50% of Chinese crude imports normally transit the Strait of Hormuz. When traffic thr
Source: OilPrice.com
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DW NOTE
China displaced 1.8 million barrels per day of oil imports with EVs last year — equivalent to the entire flow through a medium pipeline. Every percentage point of Chinese vehicle electrification shaves another slice off the volume that would need Hormuz in peacetime. The chokepoint matters less when the largest importer is rewiring its fleet to plug into Xinjiang coal plants instead.