I wonder when this is going to seriously affect world oil demand? People used to think "Peak Oil" would be when supply was constrained, it turns out it will be when demand is constrained.
this post was submitted on 08 Oct 2023
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It will change when electric cars cost the same as a regular car. The cheapest EV in France is 3 times more expensive than my car. I can’t afford it.
I know my Chevy Bolt had a higher sticker price than other subcompacts but the TCO is way lower than anything else on the market thanks to way lower maintenance and operating costs.
Not to mention the $7500 tax credit and if you’re in CA there’s also a tax rebate (they send you a check).
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Based on this data, 48.6% of oil was used on the read. If we assume that about every other car becomes electric, that could cut the total oil demand by about 24%. That’s actually quite significant, but obviously it will happen so gradually that the oil industry should have enough time to adjust.
Eventually most cars will be electric, but even that won’t destroy the entire oil industry, because there are still many other uses for oil. It takes a while for various other industries to shift away from burning oil and gas, but when that happens the oil industry will be totally screwed.
It takes a while for various other industries to shift away from burning oil and gas, but when that happens the oil industry will be totally screwed.
I'm not so sure that they'd be necessarily screwed even then, I think it will depend upon what direction plastic demand and plastic production goes in. The majority of plastics still need to be made from petrochemicals, and the majority of plastics have to be virgin simply due to the inherent limitations on their recyclability.
Sure, the industry won't be as large as today but unless we see bioplastics completely replace petrochemical plastics or simply see plastics completely abandoned (that'll never happen, plastics are simply too useful to ditch entirely.) It will still exist in some form simply because it will be necessary for plastic production.
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The shitty thing is that as it puts the pressure on big oil, prices will rise and hurt poor people the hardest. We’re already being squeezed by the cost of gas, and when demand gets low the price will continue to go up until poor people are forced to choose between gas and food or an EV and food.
Why will oil be able to raise the prices? Seems like with less demand it'd be cheaper.
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Would be nice if there were more than the one or two charging stations that are around me. Well out of my normal way, and are at some random hotel chain miles from my house.
If you own a home, it should be pretty easy to get a charger like a dryer plug. If you rent, it might be trickier to work something out.
Not only if you don't own your home, but also if you own a city apartment instead.
Go on
That's cool but all modern EVs are simply impossible to work on and what's worse is they come with telemetry so that every move in my own car is watched.
Call me when they have a "dumb" EV. I would be fine with a lower range
So does ice cars and i agree they log an insane amount of data
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