china’s EV โBoom Forcesโค Gas Stationsโข to โClose,โ Signals Global Refinery Shift
Jakarta, Indonesia – The rapid adoptionโฃ of โคelectric vehicles โ(EVs) in chinaโ isโ causing a dramatic decline โฃin โthe number ofโค traditional gasoline stations, with over 60% now shuttered, according to the Indonesian Ministry of Energy and Mineral Resources (ESDM). This trend signals aโข potential โขglobal shift impacting theโค refineryโข industry as the world transitions towards โcleaner energy sources.
Deputy Ministerโ of Energy and Mineral Resources, yuliot Tanjung, highlighted the significant impact of China‘sโ leadership inโค the EV market. “Looking at gas stations in China, more thanโ 60% have closed. This reflects aโ change in energy consumption patternsโฃ and mayโ have โrepercussions for โrefineries worldwide,”โ Tanjung stated, as reported by CNBC Indonesia.
Theโค surge in EV adoptionโฃ – encompassing private vehicles, publicโค transportation, and even heavy-duty transport and shipping – is drivingโค this change.Tanjung believesโค the global energyโ transition is โขa key factor, potentially forcing โrefineries โขtoโข adapt or face decline.
Thisโข shift isn’t limited to fuel stations.โ Theโ automotive component industry is also bracing for disruption. Yannes Pasaribu, an automotive observer โfrom the Bandungโฃ Institute of Technology (ITB), warns โthat approximately 45% of Indonesia’s component manufacturers, particularly those specializing in motorcycle parts, could face closure as demand forโฃ traditional internal combustion โขengine components wanes.
“Automotive manufacturers andโค component
