china’s EV Boom Forces Gas Stations to Close, Signals Global Refinery Shift
Jakarta, Indonesia – The rapid adoption of electric vehicles (EVs) in china is causing a dramatic decline in the number of traditional gasoline stations, with over 60% now shuttered, according to the Indonesian Ministry of Energy and Mineral Resources (ESDM). This trend signals a potential global shift impacting the refinery industry as the world transitions towards cleaner energy sources.
Deputy Minister of Energy and Mineral Resources, yuliot Tanjung, highlighted the significant impact of China‘s leadership in the EV market. “Looking at gas stations in China, more than 60% have closed. This reflects a change in energy consumption patterns and may have repercussions for refineries worldwide,” Tanjung stated, as reported by CNBC Indonesia.
The surge in EV adoption – encompassing private vehicles, public transportation, and even heavy-duty transport and shipping – is driving this change.Tanjung believes the global energy transition is a key factor, potentially forcing refineries to adapt or face decline.
This shift isn’t limited to fuel stations. The automotive component industry is also bracing for disruption. Yannes Pasaribu, an automotive observer from the Bandung Institute of Technology (ITB), warns that approximately 45% of Indonesia’s component manufacturers, particularly those specializing in motorcycle parts, could face closure as demand for traditional internal combustion engine components wanes.
“Automotive manufacturers and component
