Unprecedented motorization in China has led to significant increases in oil demand and oil imports. In response to growing oil imports, the Chinese government is adopting a broad range of policies, including improvements in the fuel economy of new vehicles and the promotion of alternative-fuel vehicles. Consumption of gasoline in China grew from 0.9 million barrels per day (bbl/d) in 2003 to more than 2 million bbl/d in 2013. This continues a trend of significant growth in China’s transportation sector since the 1990s. Increasing oil demand requires China to import more petroleum from other countries, and since 2009, China has been importing more than half of its petroleum needs. Under the Energy Saving and New Energy Vehicle Plan for 2012 to 2020 released in 2012, average passenger car fuel economy is targeted to increase to 34 miles per gallon by 2015 and 47 miles […]