China’s EV Boom Threatens to Push Gasoline Demand Off a Cliff
China’s EV Boom Threatens to Push Gasoline Demand Off a Cliff
cross-posted from: https://slrpnk.net/post/15648896
84 comments
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Can we also curb those big fat ugly SUVs in the rest of the world? They are not only more polluting but infinitely more dangerous.
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EVs are such a mess in North America. Unless I want a Tesla it feels like I can only get gigantic SUVs or expensive luxury cars.
I just want to replace my Mazda 3 with an electric equivalent
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I don't know why everyone forgets one of the first EVS. Look at getting a Nissan leaf, they are awesome.
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- Renault Megane E-tech Electric
- VW ID.3
- Volvo EX30
And there's quite a lot more brands with EVs in that size bracket coming out in the near future
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Polestar
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I was so excited when I heard Mazda was making an electric vehicle. But what they made was a joke, not even 100 miles on a charge. I also want to replace my 3 with an electric of the same size.
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Chevy Bolt and Nissan Leaf come to mind.
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No they need to also be pushed off a cliff.
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What's with the title?! Here's my alternative: China's EV boom makes a dent in fossil fuel consumption.
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It's Bloomberg. A rag for capitalists, by capitalists. Less fossil fuel use is bad for them because it hurts their portfolio.
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So they're trying to crash the oil stock?
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westoid media isn't allowed to admit China does anything good, so they have to frame everything negatively. Alternative possible headline would also be, "China's EV boom makes a dent in fossil fuel consumption, but at what cost?"
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I may have heard.
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The biggest threat China presents to fossil fuel consumption is future economic growth. Putting 1.4B people into ICE personal vehicles would be a nightmare.
Their battery tech is going to spare the globe generations of future consumption. They're doing what Americans should have done 20 years ago, taking ICE engines off the market before they're built.
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Primary reason I don't understand the call for "drill baby drill". We'll end up with oil and needing to sell it for much cheaper than anticipated because the demand is low.
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Ya I always hate when people say, "We'll always need oil!". I mean, maybe ya, but for every time we convert a car, or power plant, to electricity, or stop producing some plastic product, that reduces the overall demand. It's a good thing!
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We will for a long time, but the less we need the better. At some points we will replace plastics etc. But we don't have enough alternatives that make economic sense yet.
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As long as you have a cartel OPEC controlling the price you won't end up like that.
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Big manufacturing stands to benefit from this too.
Lubrication and grease is a big fucking industry. Everyone needs it, from automobiles to machines binding beds together to bridges and, hell, everything, EV's even. The cheaper oil is, the cheaper that gets, and I know I'd love to walk away from a $35 oil change.
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don't give me hope.
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Give it to me, please.
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best I can do is tree fiddy
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It’s going up. Unequivocally up.
Its going up, but the rate of change is going down. So yes, demand is still high, and the total amount of demand is increasing, it is increasing by a smaller amount each year. Here's that demand growth/decline data for the oil sector.
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It's a nice graph, but it's only a projection and I've seen those go to shit before.
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no it doesn't
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Russian tears
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This makes me wonder if China will be a geopolitical target for the oil nations like Russia and the Middle East. The Saud and Putin are both close enough to Trump that direct action seems likely.
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This makes me wonder if China will be a geopolitical target for the oil nations like Russia and the Middle East.
Russia can't afford to stop selling oil to China. Its one of its few customers left to sell oil to.
China is Saudi Arabia's largest customer. Saudi Arabia can't afford to piss off China.
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Ah yes, the graph shows the demand of gas increasing from 2022 to 2024 despite EV's becoming exceptionally cheap there in the last couple years, therefore the demand for gas will completely crash in the next couple of years, great projection.
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Not really though. The trend line would be flat or nearly flat on that graph up to 2024. And the rest is just a visual depiction of the IEA's prediction. Which is still pretty conservative.
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That's very good for them. I'd also like to see them going less dependent on energy for production facilities they import from like Kazakhstan where they just burn coal. As the world's first, leading factory, they are able to set the trend for everyone else.
84 comments
I would love for this to happen, but it just seems to be another reason why Trump wants tariffs on foreign EVs--both Elon and the oil/car execs don't want clean, affordable vehicles! They only want us buying gas-guzzling tanks or deregulated, overpriced Teslas.
I mean, I hate the guy but Tesla prices have dropped significantly over time and Tesla does a ton of battery R&D, which is good. And Tesla has done more for the EV charging infrastructure in the US than anyone else has. Even so, going forward I will never buy a Tesla, I'm hoping my next car will be an Aptera. More and more non-Tesla EVs are coming with the NACS port and can use the Tesla chargers, which is great. Non-Tesla chargers are few and far between. And generally pretty slow. But fuck Elon regardless.
Tesla introduced the fad of using an app for charging which other idiots promptly copied making the charging infrastructure a fucking nightmare.
Tesla introduced big screen few buttons which other car manufacturers copied, making a few model years of cars more dangerous than they have to be, thankfully manufacturers are rolling that shitty as trend back.
Tesla continues to make cars with shit reliability, and dangerous UX with no buttons or turning shit to touch buttons that should be that, e.g. the turning indicators.
In short fuck Tesla and Musk.
Tesla only dropped their price when the federal rebate was limited to lower price EVs (so no more rebates for luxury vehicles, which makes perfect sense).
He wants to go back to selling less quantity if higher priced (and much higher profit) cars. Just like the rest of the goddamn cars industry outside of China apparently.
It's like they didn't learn a goddamn thing from the 70s and the better, cheaper, more fuel efficient cars imported from Japan.
It’s more like the lessons of the 70s don’t apply to people like them.
You do know we already have 100% EV tariffs from Biden, right? I don't think Trump even needs to extend them, but I could be wrong.