China's EV Surge Reshaping Global Auto and Oil Markets

In Nepal, cars that run on electricity are becoming very popular, especially those made in China.

This is because gas is expensive, and it's cheaper to charge a car's battery.

The government also helps by making gas cars more expensive.

Many other countries that have to import oil might start doing the same thing.

Chinese companies are making these electric cars cheaper, so they're selling well in places where there aren't many local car companies.

While the U.S. isn't seeing as much EV growth, China's actions are changing the car market and could reduce how much oil the world needs, because more people are using electric cars.