- cross-posted to:
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- cross-posted to:
- [email protected]
cross-posted from: https://slrpnk.net/post/15648896
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Russian tears
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.
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!
China’s sales of electric vehicles and hybrids have in fact reached a tipping point. They’ve accounted for more than half of retail passenger vehicle sales
If you have cheap electricity and cheap batteries, people will buy EVs. Colour me surprised.
If you have cheap electricity and cheap batteries, people will buy EVs. Colour me surprised.
Cheap EVs is part of it, and that part is subsidies from the government, but China has also increase the registration cost of pure ICE vehicles. Yeah, you can still buy them, but they’ll cost you a lot of extra money to register them to be legal to drive on the roads in China. On top of this, in major congestion areas, you have to get entered in a lottery to even get a license plate (ability to register a car). The government in China continues to reduce the number of ICE license plates available, and increases EV license plates. (source)
So its a lot more than just “cheap electricity and cheap batteries” in action in China causing this massive switch to EVs.
And here I have to pay more to register my hybrid.
And here I have to pay more to register my hybrid.
Same for my EV (double the hybrid registration cost in my state). However, that’s because of how road taxes are collected on the sale of gasoline/diesel fuel. Its still overpaying on EV taxes though. For the same registration fee I pay on an EV ($200/year) I could drive over 15,000 miles on a gasoline car getting 30 miles to the gallon. I drive maybe 11,000/year so I’m overly taxed compared to ICE drivers.
That’s the excuse they give, yes. That doesn’t mean it’s why they do it, though.
Sure, one action can have multiple reasons and outcomes. I agree with it in part that I need to pay my fair share of road taxes. I also recognize that this is a relatively new market force, and highly accurate consumption-to-taxation isn’t in place yet (again, for many reasons).
That doesn’t mean it’s why they do it, though.
Its not the only reason they do it.
The government in China continues to reduce the number of ICE license plates available, and increases EV license plates. (source)
Afaik, they had (still have?) a massive air pollution issues in certain areas. This looks like attempt to alleviate these problems
Exactly this. Green license plates (EV-exclusive) are also a bit of a status symbol in China.
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.
Maybe a silver lining is that this would free up these cars to be sold in other countries that have cities drowning in smog… if cheaper EVs are available there it might dramatically improve the health of these cities and all their inhabitants…
Sure
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.
Doubtful, total energy supply is going up, along with curb weight on Costco crawlers. If we don’t burn gas we’ll burn oil instead unfortunately
Edit: by total energy supply I mean we’ve consumed more energy in 2023 than any point in history, and also consumed more oil. It’s going up. Unequivocally up. Historically, energy use has outpaced population growth so China’s cars sound hopeful but everyone should be extremely skeptical that it’ll even make a dent against rampant consumerism in general. All that shit from Temu comes at a cost
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.
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.
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.
This makes me wonder if China will be a geopolitical target for the oil nations like Russia and the Middle East.
More like the other way around. Without the demand from China, Russian oil industry, and their whole state is fucked.
Fuck China. Any news coming out of China is a lie. Grow up.
Your opinion might change as gas becomes costly due to the loss of economies of scale.
