In 2024, China's support for fossil fuels in transportation is projected at 0.067% of GDP, a decline from previous years. Forecasts indicate a continual decline, with values dropping steadily to 0.001% by 2028. This notable annual decrease suggests a commitment to reducing fossil fuel reliance in the transportation sector.
Future trends to watch for:
- China's potential emphasis on accelerating the transition to renewable energy sources.
- Policy shifts promoting electric and alternative fuel vehicles.
- Innovations in transportation technology that may influence fossil fuel dependency.