1 liter of petrol or diesel will soon cost $4 USD in Europe

1 liter of petrol or diesel will soon cost $4 USD in Europe
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#petrol #diesel #europe #cost #sales #evnews
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[@HansMilling]

Not true. In 2027. There will be an extra 6.7% tax on gasoline. So not near triple. Also the individual countries can change their taxes on gasoline to revert the EU tax. Boosted magazine is 90% made up content, and not a trustworthy source. Most of their articles are actually false claims about EV’s. Like their recent article about EV fires has doubled in Denmark (from 1 to 2j but they do not mention how many EV’s we got (more than doubled) and that there are so few that statistics are inaccurate with that low number of fires.

[@ChinaSongsCollection]

But anyway, it wouldn't make any difference if it was 6% or 600%. The fact is they will probably come up with an excuse to delay the rules before then. Most likely, the excuse will be Chinese EVs are still too strong. Europe can't compete.

[@ceesheemskerk2397]

The bad thing is, that it is an EU tax. Slowly on they are bringing in collecting taxes. In that way the wealthy countries are going to pay the badly performing countries. Here in Holland we have 1500 billion euros pension money. That will disappear when the EU is going to collect taxes. Time to leave the EU and the euro

[@joergfeler351]

@@ChinaSongsCollectionAt least it makes no sense for trucks as there are not enough electric trucks available. It would just increase inflation.

[@ChinaSongsCollection]

@@joergfeler351 True 👌

[@TricoliciSerghei]

@@joergfeler351 Or force companies to start making more EV trucks eyyy? So, is it bad or good?

[@FrankGallagherr]

Tesla is the best car company ever! No gas stations, No oil changes, No smog check, No corrupt dealership, No catalytic converter and faster than a $650,000 Lamborghini!

[@colinstewart4357]

Hahahahahahahaha

[@MT-xy7fw]

However, they do build bloody ugly cars!

[@shannon6876]

Since getting my Tesla MYLR, my spending to power my car has gone from ~$257 a month for gas power my car to ~$69 a month for electricity to power my car. My electricity comes from nuclear power and solar, and costs $0.13 per kilowatt, regardless of when I charge. I have two drivers in my household using this car and we use the car every day making at least two trips around the city to do various tasks each day. The difference, and the savings, are huge. And as a bonus, this is the most fun to drive car I have ever had, even better than the sports car I had when I was younger.

[@fredkite9330]

Wow 0.13 per kW that's a dream. So much more expensive here

[@sunrisejak2709]

​@@fredkite9330I pay 7.5 cents per kwh. Thailand off peak rates. Peanuts to operate my Tesla model 3.👍

[@vygandaspudzmys1086]

Before I got solar 9.24kw on roof my el bills was 0.25€/kwh. Now it's just 0.05€ after connecting it to grid and lots times it's just 0€ per day if there aint plugged in my car. Monthly bills to supplyer was 200-250€ now 40-60€

[@rogerfroud300]

Fair enough, and huge savings were also made by the early adopters for Diesel cars when they came out because Diesel was really cheap. However, this isn't the case any more, and it's because of Tax more than anything else. I agree that using electricity for Cars is going to be cheaper than fuel oil, because the end to end efficiency is so much better. However, don't kid yourself that this initial low cost is going to last, because Tax revenue falling in fuel oils will have to be transferred to EVs. It will still be cheaper, but it will never be cheaper than it is right now.

[@dadonweIfare]

When is break even? After factoring in the cost of MYLR? probably 8 years

[@manni1998]

Double Diesel/Gasoline price will start a civil war, at least in France.

[@kiae-nirodiariesencore4270]

yes but it isn't going to happen.

[@jurgenw.9794]

That was also my first thought.

[@andrevdende8244]

He is a fantastic. A paid influencer. Or a climate activist. Or just here for likes. I am out and never want to hear or see anything from him anymore 😂

[@timothykeith1367]

As I ride a bicycle, I have not purchased gasoline in a month.

[@ge9646]

@@timothykeith1367 it's illegal 😅

[@laughinggas5281]

I have an electric bike Best of Both Worlds

[@grenenthomas8115]

I haven't paid for petrol for 13 years. Saved $30,000.

[@Mrbfgray]

@@laughinggas5281 I balk at the lack of exercise of Ebike, just too easy.

[@cerverg]

Good for you but... everything you eat and wear is drenched in oil. Imagine what will happen with the prices of everything

[@adrientucker5949]

I smoke cigarettes because I'm an idiot but I completely love your analogies comparing ICE vehicles to a giant cigarette. Love you, mate.

[@pipersall6761]

Im caring for my long time friend who has smoked all her life. Now cant walk from one room into another without having to catch her breath. Still smoking. For the sake of your Life and all you hold dear, please stop and save the rest of this amazing experience of your living in this amazing world.

[@Dreamer10888]

i dont know how anyone can afford cigarettes in australia.... their tax worked for me

[@robertfonovic3551]

​@@Dreamer10888box of 100 blackmarket gaspers are 35 bucks. 43.50 per 20 at the supermarket.

[@Mrbfgray]

I still love me old'e 2011 BMW M3 and hope to run it indefinitely, long as fuel is available. But I'm an aging ManChild, it's a replacement for crotchrockets of my youth, not a daily driver.

[@nicholasmurrell7904]

you smoke cigarettes because you can't see yourself being smoke free and healthier. Just picture the non smoking you and imagine you can reform.

[@DebeaumontCadiz]

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

[@QuentinHufton]

Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

[@Michaelfloud2333]

Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Ann Marie strunk, has been an amazing experience.

[@ElveyBoddie]

Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦‍♀️of myself because of low finance but I still believe in God

[@Carlosilpso11]

I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Ann Marie strunk 😊🎉

[@LysterCushard]

Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?

[@joelado]

What is the government going to do with all that "tax" money? If they are going to put it towards renewable energy, DC fast chargers and transmission lines I'm all for it. It will give me a reason to get rid of my petrol car if the same thing happens in the US.

[@PyroShields]

Your next car should be an EV you'd be a fool if you bought a new ICE vehicle.

[@joelado]

@@PyroShields I have a 2013 Nissan Leaf which is only for going around town at this point. We use our EV the most, and only take out the other gas car for longer trips at this point. We also take it out because the lead acid battery on the ICE car goes out it we don't use it every once in a while. I want to replace it with an EV, but the short range of our Nissan EV has my wife worried about range and charging. If gasoline is going to go up in price drastically it would give me the reason I need to go with a long ranging EV. I'm crossing my fingers for a Tesla long range, either model 3 or Y.

[@JohnMcAfee-se9ms]

Usually none of that tax money is earmarked and it goes into the general fund where it is typically inefficiently wasted

[@PyroShields]

@@joelado You can get long range 330 and some are 400. The leaf is horrible when it comes to range. Don't compare the leaf with other EV's. I personally have 2 gas vehicles which I bought in 17 and 19. When the time comes that I buy a car I will definitely go EV.

[@tom0kiely]

@@joeladoThe range on that Leaf can’t be more than 50 miles. Used EV prices are dropping so it may not cost you too much when you get around to replacing it.

[@robertbidochon7949]

If so, the economy will stop. the euro states won't let this happen.

[@1rjona]

Note: Ukraine needs the diesel. Its used by military trucks and tanks

[@minimalist_h]

Nope, since electric drones cleared the battlefield from tanks and trucks, this isn't an issue anymore. The cut off of cheap Russian oil is the problem!

[@LonglingEriksen]

They buy a lot of ev cars from my country because they have no gasoline. Contacted me to sell mine! How to people in Ukraine know that i have a Ev? Gas stations are blown up I was told.

[@tonystanley5337]

Ukraine is not in the EU, and in any case Military use is not included.

[@DR-ib2yg]

@@minimalist_h EU buys more russian oil and gas then before. Only russian oli/gas goes through Turkey at a more expensive price.

[@johnrdadrian]

I did some calculations 6 months ago on how much oil is not needed each day due to EV adoption. It came out to 1,000,000 barrels a day. It just so happened that Saudi Arabia reduced its output by 1,000,000 a day at the same time to keep prices high. As EV adoption accelerates, it will continue to reduce the amount of Oil needed, pushing down the price of Gasoline and Diesel. So I think Brussels will struggle to double the price of fuel for its citizens. They are no longer Serfs that must do whatever their Masters tell them to do.

[@kalebdaark100]

You might well be correct. But there's another thing to consider which may or may not effect fuel price. We, humans globally, have already extracted most of the easy to extract oil. It's costing more and more money to extract what is left. It's also using more and more energy to extract the oil. There's a professor from Edinburgh University called Alister Hamilton who's run the numbers and his conclusion was that oil extraction around the world will use more energy to extract than it provides by the end of the 2030's. Now I'm not expert, so for all I know he could be talking rubbish, but if he's not, as the information starts sinking in, governments may be forced to stop people using oil for frivolous things like personal transport. Governments usually reduce use of a thing with tax.

[@jsanders100]

@@kalebdaark100let’s hope he is right.

[@bruceburns1672]

Viking is telling us oil prices will increase just like renewable electricity prices in Australia, through the roof.

[@stevehayward1854]

As the economy of scale reduces for fossil fuels, there will be a natural increase in costs and therefore price to the customer

[@kiae-nirodiariesencore4270]

Indeed. See Norway for details where a refinery had to close last year due to falling demand.

[@waynewallace2061]

Less demand means lower fuel prices to encourage demand

[@kiae-nirodiariesencore4270]

@@waynewallace2061 Not necessarily. There are scale economies to consider. It costs the same to run a refinery irrespective of whether it is running at 50% or 90% capacity. There will be a break even point on it and I'm sure the oil companies know what that is.

[@stevehayward1854]

@@waynewallace2061 As I said, if production slips and you have a massive industry to keep going, it will lead to either bankruptcy or an increase cost of production. We can all see what is happening in California with the minimum wage hike, it's leading to closures as people are not willing to pay the higher prices due to higher costs

[@michaelbolt1933]

@@waynewallace2061you need to understand there are fixed costs to run refineries…gotta go somewhere

[@willeisinga2089]

You are Right on. We pay on the Highway Service Station 2,25 euro a liter. That is now 10 dollar a gallon. Normal Going up all the time. Its not the Petrol Price. Its the Taxes by the Government. No Worries Mate. I have Rooftop Solar and EV. No Petrol Prices for me.👍👍👍☀️☀️☀️🌹🌹🌹

[@Mixos_place]

Also its only a matter of time when governments high on fuel taxes revenue, will be asking how do I implement a perKM road tax for EV's

[@martinharwoodcubatrust]

RUC TAX already happened in new zealand the ev owners are screaming

[@bhabbott]

​@@martinharwoodcubatrust I'm not. We all knew we would have to pay RUC eventually - only fair that we pay our share. With petrol now costing 40% more than it did when I bought my Leaf it's still only costing half as much to run an EV even with RUC included. All we need now is for gas to be taxed enough to clean up the pollution it causes! (US$4/liter sounds about right)

[@baronvontollbooth484]

Couple of days ago I had the misfortune of driving behind a large flatbed tow truck. Each time it accelerated, a huge cloud of black diesel soot poured out. No joke, the size of the cloud was bigger than the truck. I had to close the windows and vents to avoid breathing that crap. The sooner diesels are gone, the better.

[@willie346]

Today, charging my Ioniq 5 from 0% to 100% costs $US 8.29. Even in a country with very low gasoline prices, driving an EV saves me $US 35/week or $1,820/year.

[@granttaylor8179]

Wait until the government adds that $35 to the cost of electricity to make up the loss of revenues from ICE vehicles. . You may laugh and think that is never going to happen but it will. Smart meters will know we hen an EV is being charged and the cost will be added to you electricity bill.

[@hondacar]

It's clear that government initiatives are propelling the adoption of electric vehicles (EVs); otherwise, their market penetration would be negligible. Motorists may bear the costs of emissions from their internal combustion engine (ICE) vehicles, but the toll on children labouring in mines for the rare earth metals required for EV batteries is significantly greater.

[@mobberleyman6112]

Children have been illegally used in many different industries over the years, its not the fault of the products produced, its the fault of the mine operators and the governments involved not enforcing child labour laws. Rare earth metals have been used in many products over the years including refining fuel, EV batteries just are just another one, stopping their production would not stop the mining.

[@videocanonuser]

Why do you assume average people don’t care about asthma, cancer or other industrial diseases? The impacts of respiratory diseases are far from negligible.

[@bhabbott]

Child labor is illegal, and not employed in industrial scale mining (for obvious reasons). Why no concern about children being harmed by air pollution and global warming?

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[@macmcleod1188]

Well, we had an entire discussion about how many minutes it took us to fill up censored. Every trace of it's gone but I have a half dozen notifications. One person was saying it took him three to five minutes to fill up his vehicle and I said that it took me 7 to 12 minutes because I went inside to pay cash to save 30 cents per gallon and often there was another person ahead of me paying and I had to wait for them to finish before I could pay. I felt 3 to 5 minutes was unrealistically quick. Well I've actually measured the time it took me multiple times and it's pretty consistently between 7:00 and 12 minutes from turning into the parking lot until I turn out of the parking lot. I have no idea why such an innocuous conversation would have been censored.

[@DC.409]

The average price of petrol is €1.89 a litre. The UK average for petrol is around £1.49 or around $1.39. The headline Tax rate on standard petrol and diesel is 52.95 pence per litre, it has been frozen since 2011-12 and it reflects a temporary 5 pence cut introduced in 2022-23 and subsequently extended to 2023-24 and 2024-25. So an increase to $4 US is £3.19 or if $4 Australian £2.11. Prices did hit over £2 a litre with the start of the Ukraine war, but have reduced. It is anticipated the new government will look at reintroducing high fuel taxation has an incentive to increase electric vehicle transition. This is likely to be the reintroduction of the 5 pence first, then increased at each budget. Though a large single profit tax is expected on oil/gas companies within the first year. So a £2 litre by 2030 or before is highly likely, has part of the reintroduced vehicle transportation strategy.

[@JoeyBlogs007]

I dont believe this. "Soon" ??? Extremely unlikely. How soon is soon ??? Next week, next month, next year?, next decade? Someone please clarify.

[@nua1234]

Ireland has high proportion of diesel cars, because previously road tax encouraged people to switch from petrol to diesel. People are already getting annoyed with anti-diesel measures as they were previously told it was greener than petrol (lower CO2 emissions). It is going to be interesting to see how the politicians are going to handle the backlash of doubling fuel prices. I hope it doesn’t damage the EU when national leaders blame the EU for policies that they agreed to.

[@user-sp2ve4xx1r]

Good idea, but I can’t see politicians getting this to happen the kick back would be enormous

[@rickrimington2760]

I find this hard to believe , $4-00 liter for fuel. This just can't be right , people in Europe will rebel against this . I live in perth Western Australia , and i am thinking of buying a second hand EV for one of my kids to use to go to uni . Second hand EV's are so cheap right now . The only problem with Western Australia , we have the most expensive electricity in the world and there is just no infrastructure to charge EV's , never will be because no body can afford to buy it . My neighbours charge there EV's during the day so they are using power from there roof solar panels, other wise it is to expensive . .Rather than buying from the government supplier Western Power . My power bill evin with solar panels is around $1,100 Aus dollars [ so that would be $740 US dollars ] every 2 months . scarey . 3 kids and a wife . Electricity here is so expensive and it only keeps going up. The reason i say this is because when electricity gets that expensive , if you buy a new Mazda 3 with the new high tech engine which gets 49 miles to the gallon , well the cost of running a Mazda 3 is very close to running an EV on electricity . Which is kind of crazy as our electricity supply is generated from Coal and Gas . So in Western Australia because our power is so dear , if you want to save the environment buy ICE that gets 49 miles to the gallon .

[@jsanders100]

Crazy…. You have all that sun?

[@bhabbott]

"if you want to save the environment buy ICE that gets 49 miles to the gallon" - if you want to save less than half of the environment...

[@mikestone2740]

Fossil fuels cheaper unless politicians mess things up.

[@chrishart8548]

Politicians mess everything up it's there Job

[@AnalystPrime]

Making fossil fuels cheap requires lots of creative bookkeeping, as in forgetting to include the trillions of dollars of subsidies given to them each year, ignoring the cost of wars started for oil, and not taxing them for all the damages they cause. And the companies still raise the price just because.

[@quantenfels]

I hope it will come! BUT, many People will freakout about this and many will fight this in an extrem way! Also social issues are to solve first. Especially in Germany. Many people in big cities drive cars and have problems finding a charging solution because they live in a rented apartment without a garage.

[@JonBuckley-wt3mu]

Yep I agree with city living and the charging issue. Long term projections are that autonomous electric taxis will become the norm for city living, whislt giving the opportunity to hire for holidays etc. I have lots of city friendz who don't own a car due to tax/parking/depreciation issues. Cities generally have good public transport infrastucture. I live in teh rural wild west of wales , so no public transport to speak of. My next car will be a second hand ev, but given my weekly milage of 30 miles, I'll hang onto my ICE car for a while longer.

[@tony34star]

The issue is its going to make everything very expensive

[@monipenny408]

that IS the general idea. welcome to capitalism! eventually everything will be costly

[@bhabbott]

@@monipenny408 In a true free market you pay the true cost, including the cost to the environment. But hey, there's another way to do it. Don't raise the price of gas, just make the user remove the 2.7kg of CO2 every liter puts into the atmosphere. How much do you think that carbon capture and storage will cost you?

[@roldorf5615]

Bought an EV at the end of 2022. Diesel was 2.05 Euros, charging was 49 cents per kilowatt. Now Diesel is 1.50 Euros charging is minimum 59 cents per Kilowatt. ( Germany)

[@michaelbedard7859]

They're screwed. Good luck from the U.S..😊

[@dps615]

*they're

[@geirvinje2556]

Oil is subsidized $US 9.000.000.000.000. That's $US 31.250 for every fossil car. The forcast in 2025 $US 11.000.000.000.000 That's $US 38.194! Why should people pay this through taxes, and higher prices? I think the fossil car owners need pay for this!

[@CaptBill69]

I wonder if you could research how rising fuel prices are connected to the fuel industry's record profits plus their monopoly powers.

[@Rhotz-ix8ll]

That’s a pretty good synopsis … a few historical charts and graphs and you’ve done it yourself

[@Briand-ei1gs]

Even better go out and run a successful business and make tecord profits yourself and contribute to the productivity of society instead of being a crying loser ​@Rhotz-ix8ll

[@jonjosenna5581]

£1.48 a liter in UK for Diesel

[@javelinXH992]

Yep, just calculated my old diesel would be costing me 10p per mile, while my EV (not a fancy one) it’s is 2p per mile - that’s real world data not book figures. Petrol would have worse figures than diesel. Yet I am still told it costs more to fill my EV compared to diesel. 🤷‍♂️ I’ve saved more money in the last four years driving an EV than if I had got a petrol car, even though an EV is more expensive and the depreciation is higher. All I care about is how much money it costs me each year (including servicing, repairs and dividing up the cost of the car over the years owned). EV is a clear winner. I run my cars until they have to go, so depreciation after three years is not relevant to me - in fact it keeps the cost of my insurance down.

[@miti4045]

​@javelinXH992 That's false, an EV is 2x the price of an ICE, you will never save that on fuel even if you charge for free.

[@brendanpells912]

​@@javelinXH992But a lot of the price of fuel is duty and VAT which are revenues for the government to spend on essential public services. What you really need for your EV is a bumper sticker saying TAX DODGER ON BOARD

[@javelinXH992]

@@brendanpells912 or just pay tax.

[@javelinXH992]

@@miti4045 That’s not true. Not every EV is a luxury SUV.

[@2pdlpwr]

If we all drive electric cars and trucks. And our food is delivered with electric. The oil industry will have no choice but to drop the price to 1 buck a gallon. Making us all healthier. We can make a difference. We can hold the oil companies accountable for their greed!! And say no I'm not going to take it ANYMORE. I'm NOT ADDICTED TO OIL ANYMORE We drive all electric in my family NOW

[@paul1979uk2000]

It wouldn't matter by then, because by the time we get to that, the value of oil will be little to none in that most of us won't need it. But in the end, higher prices on fossil fuels is a good thing for killing that industry off sooner rather than later as renewables keep getting better and cheaper. If the fossil industry were smart, they really need to slash prices with the aim of extending their life another decade or two, but personally, I'm grateful they are trying to push the price up, whiles trying to price fix, as that will help to kill there industries off sooner rather than later, and in the case of Europe, fuel cost is already more expensive than many other parts of the world because of taxes on it, but that encourages a bigger push away from fossil fuels towards cleaner energy sources. The fossil industry might have 2 decades left at the most where after that, the downwards pressure on the price point will be immense thanks to how cheap renewable energy is, and more so as the world shifts to EV cars and heat pump, basically, going all electric and reducing the need for oil and gas, as we can generate electric by many other means like renewables. History has also shown that when the fossil industry tries to push prices up and try to control the price, it usually ends up favouring the renewable industry as more investments happen. The Irony is, China is probably doing the most damage when it comes to the fossil industry, mainly because of how aggressive they are on pushing renewable energy on both the tech and pricing, that's followed by the EU and the US, so in the end, let the fossil industry play there games with trying to fix and push up prices at a time when alternative clean energy is getting cheaper, it's only going to end badly for the fossil industry sooner rather then later.

[@mowcowbell]

Gas only costs .75 per liter here in Oklahoma. $2.85 per US gallon.

[@philiptaylor7902]

Hi Sam, the image of people riding around on massive cigarettes cracks me up. Love it!

[@johnfrancis4401]

Petrol costs about £1:50 in England ($1:75) per litre. Given a barrel of oil costs $80 and each barrel contains 160 litres - this means unfractionated oil costs $0.50. Assuming distilling the oil costs $0.10 per litre - this means the actual petrol costs $0.60. Assuming distribution is another $0.05 and profit per litre is $0.10 This gives a grand total of $0.75 or £0.60 and the rest of the price at the pumps is TAX. So tax is £0.90 or $1 Governments will not survive if they triple this. They know this ……so Sam you’re wrong.

[@jsanders100]

I tend to agree but the more EVs there are less resistance to increasing tax on polluting vehicles. Not to the level he is suggesting though

[@LonglingEriksen]

It is 2,5 USD a liter here. Hope it hits 4 soon.

[@johndinsdale1707]

If diesel goes to $4/Lt (current $2/Lt with 80% tax) then most trucking companies will collapse. There is no additional rail freight capacity so inflation of basic food would be 100% and the poor will go hungry. No one is build HGVs EV at scale.

[@kevinW826]

Oil will not be running out for at least another century.

[@videocanonuser]

But national healthcare costs are rising everywhere, people are getting sicker everywhere, governments will have to intervene and that means raising taxes. Stand by for taxes on fuel and polluting industries. That goes for UK water companies too.

[@waywardgeologist2520]

Still another 6 trillion barrel in the ground.

[@bhabbott]

@@waywardgeologist2520 and it needs to stay there

[@biquettier]

A State should not have the intention of taking oil companies to court if that State is not capable today of taxing the oil companies. When states sued cigarette companies for being harmful to health, states had already introduced taxes. Today, cigarette companies have been sued, but taxes remain to offset health costs. How abouts USA gasoline taxes?

[@domi1kenobi]

Why is the solution always more tax?

[@garydavis1528]

I recently paid £1.42 for diesel in uk, it was much higher years ago than it is today.

[@SemiDad]

When oil prices rise so do plastics, lubricants, detergents, etc. Expect that if ICE vehicle are eliminated as the volume of petrol sold subsidizes every other product derived from oil. Also, with no taxes gathered from petrol levies expect annual registration fees to rise.

[@archiefleming652]

In outback Australia EV chargers are powered by diesel generators

[@xenasloan6859]

Now that, my friend, is cock-eyed!

[@davidinkster1296]

Some chargers are powered by diesel generators because the service station already had a generator to power the establishment. Now that the smarter ones realise that they can install solar and batteries, the diesel-powered ones will be speedily replaced.

[@randomoldbloke]

@@davidinkster1296wrong they are dedicated generators for charging and they burn about 80lph . The solar is just for show do the math

[@SimpleFaithLife]

It does take ALOT of batteries and panels to store enough power to charge EV’s. One EV battery can take up to 80kw to charge. That would take a 12 - 20kw solar system all day to produce. If it needs to charge multiple EVs per day, and also split some of that energy to directly charging EV’s and some to charging the batteries in the charging station, then it’s going to need an absolutely massive solar array to keep up with demand. It IS possible, but an absolutely absurdly expensive proposition.

[@mcherry8010]

Diesel 1 Litre: about 2€ in Netherlands and about 1,65€ in Germany

[@pauld3327]

1,70 € in France

[@rafalc.4352]

1.513 €/L in Luxembourg

[@Mobimanie]

The thing is that if you make diesel so much more expensive it will effect logistics killing many trucking companies in the way. So it is not going to happen like that. Politics would (have to) intervene…

[@briangriffiths1285]

The traffic pictures were from the UK where EU rules don’t apply!

[@samhitha178]

Switch to CNG cars & CNG Heavy vehicles. CNG is cheap & very less pollution

[@erktrek]

We LOVE our freedom juice here in the US it seems so the less the world consumes, sadly the more plentiful and cheaper for us. Minor nit - 4$ per liter is $15.14 a gallon (US) but your point stands. I wonder if governments will hand out even more subsidies to those poor Oil companies in order to help them through the troubled times ahead.

[@t3hpwninat0r]

when i saw the thumbnail i was like "well duh, of course fuel explodes, silly experts" and then i read it again

[@donaldduck5731]

I expect EV adoption will exponentially increase, with silicone anode technology for example pushing vehicle ranges over 600 miles. Where will that leave Oil and Gas suppliers when they suddenly realise their sitting on fuel reserves which are about to become worthless? And the higher these O&G cartels allow fuel prices to rise, the quicker their customers switch to EVs, my guess fuel prices will gradually reduce and O&G companies will reduce their margins, eventually having to dump all the fuel they can on the market before it becomes worthless.

[@ianskeet]

The cost of oil is way over the cost to produce it. The issue is the Opec cartel need the high prices to pay for their citizens luxuries or in Russias case also their war. Prices could halve if the cartels wanted it to, other big oil companies are just enjoying the massive profits.🎉

[@gerbenkarman3372]

That doesn't sound that shocking from a Dutch(Netherlands) perspective. The current price at the pump is 2,2 eur a liter (2.35 USD) , or 8.9 USD a gallon. Per 1-1-2025 taxes will be increased with 24 ct (26 USD cents) a liter, so about 1 dollar a gallon in addition.

[@thilinarupasinghe7968]

You are absolutely True. I can't drive behind an ICE vehicle because I'm using and EV.

[@andyfreeze4072]

thats a disruption in itself. Electric cars are looking very very enticing now....

[@belowme4927]

IN 1976 THEY SAID WE WOULD RUN OF OIL BY 1993

[@noneofyourbusiness5433]

This scaremongering BS is everywhere. Supposedly, we currently have enough proven reserves to last the world 47 years........Peak oil will come at some point before than obviously.

[@capnkirk5528]

And they used that to justify MASSIVE PRICE INCREASES that made a very few people VERY RICH. I guess they figure everyone that matters has forgotten THAT SCAM, let's do it again.

[@Dr_b_]

They were also warning of another ice age too

[@loungelizard836]

@@Dr_b_ Oh, "They" said that? Are the "They" in the room with us now?

[@loungelizard836]

That would have been the best thing for us, too!

[@afoodlover]

big deal. Here in Las Vegas, we are the 2nd highest behind California (not counting hawaii) Gas on avg here is $4.50 a gallon

[@markboscawen8330]

A price rise that doubles or triples the cost of petrol/diesel would cripple the EU economy. Unless, as part of the change Govt’s took the revenue that will be collected by the Carbon Border Adjustment Mechanism, a carbon tax on goods imported into the EU from countries not meeting Paris targets (looking at you Dutton) & used it to reduce/eliminate other taxes - so effect economically neutral but still reduced fossil fuel use.

[@henrylawson430]

So the price of fuel goes up in Europe due to regulations in the EU, which reduces demand there, which increases supply elsewhere and results in lower fuel prices in Australia.

[@fredkite9330]

Australia has free solar energy with all that sun there. No need for petrol.

[@victorsvoice7978]

The price of fuel only goes up in Australia. Because the government is in the oil business.

[@tibsyy895]

And the reality: Summary of Estimated Percentage Increase: Petrol Prices: Estimated to increase by approximately 7.7% due to ETS2. Diesel Prices: Estimated to increase by approximately 10.3% due to ETS2.

[@ren2704]

I'd love to get an electric car here in Europe but they are way too expensive to get a decent range/decent size one. Like most people I cannot afford one...

[@waywardgeologist2520]

It’s 82 Euro’s here in MI, not going up anytime soon. 😆

[@adriannathaniel4015]

Fuel subsidies are being removed in Malaysia.

[@ded32]

I'm prepared, switched to 2.evs, type 2 charger installed.

[@sriarno335]

Following your thinking, we should ban electric vehicles as well for causing massive land pollution due to battery minerals, & copper....etc...

[@wertigon]

Except, no, that pollution is not even 0.001% of the pollution of your average car.

[@rodmitchell831]

Great video Sam

[@electricviking]

Glad you enjoyed it

[@frankcoffey]

Governments and industry will somehow “fix” the problem to protect the oil and car business.

[@mikapeltokorpi7671]

So how this fits to the fact that Tesla's AI data centre will soon hog a small NPP worth (Musk: >500 MW, continuous) of gas and oil generated electricity in Texas. Why oil and gas, you may ask. Bevause that is the only heavily subsidised form of electricity production there.

[@martinmayer9288]

I don't care, i have 2 Diesel car's and one Petrol V6 I pay around 1.05 euro/Liter of Diesel or Petrol. Some years ago i tested used Hydraulik Oil on a Mazda 3L CDI The Ratio was 50/50 and the performance was grate 🤘If you have a old car like MB 300D you can even take used engine oil and cooking oil. Of course you need some kind if a centrifuge for processing the used engine oil. My 2015 2.5td Nissan Pick Up don't have all this emission control nonsense. On my 2008 Cdi Megan the EGR valve is deleted 👍

[@doolittlegeorge]

2 Years? More like tomorrow #bolivia as Europe is still *INSANELY* mercantilist about everything. High oil prices usually cause horriffic damage to the US economy because of how important trucking is to the US economy but while oil prices are sky high in particular diesel fuel costs because natural gas prices are still in some places still even negative those that use natural gas a substitute fuel for diesel have made a fortune in this crazy "make it 2008 all over again" catastrophe on those betting on 2008 all over again. The USA is now actually a massive natural gas exporter...the World's largest with Australia a solid 2nd in this regard meanwhile in *ALL* of Europe..

[@fergalgriffin5858]

The advantages probably outweigh the disadvantages especially since the demand for EV cars has slumped in many parts of the world so new incentives will have to come to encourage people to make the transition but there's flipsides to it too if fuel prices rise too quickly and one is it will impact businesses like taxi companies, postal workers, milk delivery men, other sole traders who provide delivery services and public transport will be hit too, so this would suffice to fuel general inflation which could be one of the many consequences so for now it would be best to augment fuel prices on a gradual bases and give decent tax rebates to people who make a first purchase of an EV

[@bhabbott]

Or those deliveries could be made with EVs, which are already cheaper to run. NZ Post uses EVs to deliver the mail here.

[@BMA967]

Gotta get actually cheap EVs going and in big numbers! In conjunction with huge petrol price increases, that will revolutionize personal transport

[@Mike3MW]

Nah, more like 40¢ a litre increase, which will indeed push toward further electrification. (Hi Hans, Tesla DK) 🙂

[@freeheeler09]

Gas prices are more likely to rise due to geopolitical tensions, more expensive production,,and increasing world demand.

[@freeheeler09]

Also likely to rise….

[@gavjlewis]

I hope it wont cost $4 for a litre of petrol in Europe as I don't have any dollars only Euros... 😄

[@jetman258]

My goodness look at that property, you could install a huge battery energy storage system there.

[@netgnostic1627]

I live in Canada, so this won't affect me. But Canada might do this too. I've never purchased a new car, only used. The highest amount I've ever spent was about $7,000 US equivalent. So I'm concerned about people in the lower economic classes (like me) who can't yet buy a used EV that is worth owning. Yeah, maybe a used Nissan Leaf, but I'm 6'4" (193cm) and 245 lbs (111kg or 17.5 stone). I don't think a used Leaf will work for me. I think it's too early to raise huge taxes on gasoline, at least until a useful EV that doesn't look like a wreck can be had for $7,000 US.

[@carlosdelpesos1678]

I live in Germany and, in view of the upcoming situation, I switched from my last combustion engine to another BEV a week ago if I had proactively informed myself. The TCO of BEVs is already significantly lower than that of ICEs and, strictly speaking, the new Tesla Model 3 Performance is much more fun than the last six-cylinder BMW. There really is no reason to drive a combustion engine any more, even if the so-called conservatives or the eternally yesterday claim the opposite and can't prove it. Especially in Germany, range anxiety is a pure narrative fiction and the 1500 km that you supposedly have to and can drive with a diesel are devoid of any reality. Nobody needs it, nobody does it because there is simply no driving profile for it in Europe.

[@rogerphelps9939]

Unfortunately there is. You and I have off road parking where we can charge our EVs using cheap off peak or rooftop solar electricity. The less fortunate, around half of UK car owners, do not have that luxury. They have to use public charging, if they can find it, and are have to pay way over the odds for their EV charging. This problem must be tackled by local and central government. Public charging should be far more widespread and there should be little or no financial penalty for using public charging.

[@chrishart8548]

​@@rogerphelps9939 the less fortunate can't even afford to feed themselves never mind afford a car. Let them eat cake.

[@marcohillenga5068]

The model 3 is a way better car than the BMW, but the BMW is 10x more fun, period.

[@moonlander03]

Governments manipulate the prices when ever they see an opportunity to make money regardless who get run over in the way.. so doesn’t matter if it’s EV or gas.. everyone is pretty much screwed.. 😂😂😂😂😂😂

[@georgeburns7251]

This is true. California is outlawing gas stations.

[@72APTU72E]

A few Californian cities are banning new stations, not the whole state is outlawing gas, there will be a need for gas stations for the next couple decades at least, due to total EV adoption not being instantaneous of course.

[@robertfonovic3551]

California is a shithole.

[@zsebi66]

Source please...

[@mysurlytrucker7510]

Well its a difficult pill to swallow, some of us cannot afford a ev, are we expected to walk.

[@billrobinson198]

People ask ev owners why they bought an ev, but ev is now the default car. When people buy an ice car, they are making a choice that they have to justify. There are precious few reasons to buy an ice car anymore.

[@glenwillson5073]

Except that no EV can do what I require of my diesel 4x4 ute. Swapping an adequate tool for an inadequate tool - definition of low IQ right there.

[@JP16758]

How is EV the default car, yet? They are still out sold by ICE

[@zes7215]

wrr

[@loungelizard836]

ICE still cheaper to buy in the U.S. That's the only reason for most people.

[@NickLea]

You are mistaken. Across the EU as a whole in 2023, 14.6% of cars sold were EVs. So that's about 1 in 7. That means that 6 out of 7 cars sold still had an ICE. For the first five months of 2024 EV sales have declined and are running at about 12% or just 1 in 8 cars.

[@willlehrfeld457]

long overdue. That being said they should give citizens a timeline so they can prepare.

[@tonystanley5337]

I'm not sure that is accurate. The intention in the first few years is to keep the allowance trading price below EUR45/Ton (about 10c per Litre). If the trading price for carbon allowances rises above that they will release more allowances, so companies don't expect to pay more than that. 3x would be crippling you may aswell just ban fossil fuel today, but we know we can't do that.

[@GolLeeMe]

Not so bad really. As I am feeling ‘pressure’ not to travel in my ICE vehicle anymore I don’t go far or spend that much money on fuel. So, the cost is not a problem. Once someone fixes all of the issues with EVs, then I might think about transitioning.

[@Indecisive7337]

I think I’ve heard enough scare stories to last a life time…best wait and see what happens before burning your pride and joy!

[@mickgatz214]

Ooooohhhhhh! That's VERY Xpensive, ...Guess we're still the 'Lucky Country', eh? 👍...maybe.

[@ynwht655]

it was the industry that put us in this situation, just like tobacco companies, they had to pay for their EXTERNALITIES, so should fossil fuel industries

[@americanrider]

FYI: What that would mean is $4 USD per liter in Europe would = $15 USD per gallon in the United States. Yikes!

[@undisclosedthai]

Video thumbnail: Fuel prices will explode My too-conservative mom and many Thai people: EV batteries will explode

[@fritslevie4461]

We all know fossil fuels are highly explosive, that's how an internal combustion engine works. 😉

[@danncorbit3623]

High cost for hydrocarbon fuels is a very good thing. It will force people to make the smart choice whether they like it or not. There is a sad legacy in the civilized world. "Trash the planet and let our children, grandchildren and great-grandchildren pay for it." Not just cars, industry, commerce, everything. After the stinging slap in the face, sometimes the correct response is, "Thanks, I needed that."

[@robertgreen9614]

"Smart choice" and "forced" in the same sentence?🤦‍♂️ What a Muppet. You can't make this shit up.

[@andresd6193]

Fossil fuels are a very inefficient source of energy, that’s why eventually and sooner than most people realize they will lose to solar, I predict less than 10 years. About 70% of the energy in fossil fuels is wasted as heat, solar has an efficacy of over 90%. As solar energy becomes cheaper and cheaper it will become impossible for fossil fuels to compete in price.

[@robertgreen9614]

Clearly you skipped physics class, fossil fuels are a very efficient source of energy. Why do you think you can "waste" 70% of the energy in an ICE car yet still travel further than a BEV?

[@MrSec84]

​@@robertgreen9614 a quick google shows me this is BS. ICE cars are 17-21% efficient at converting fuel into motion, this doesn't factor in the energy cost of converting Cruise into Petrol/Diesel. EVs are 85 to 90% efficient at turning their stored power into motion. Renewables are also about 4X more efficient than Fossil Fuels at generating power and currently account for 30% of global power production. Transmission accounts for max 2% loss in efficiency, so 98% of power gets to where it needs to go. There will also be some wasted energy in heat of components, say 20% of what makes it to it's destination, so around 80% will reach a vehicle, slight losses of storing power, but when Renewables are constantly generating energy when ambient sources like Solar and Wind are present this isn't an issue, unlike the finite presence Fossil Fuels have, once they're gone they are gone and of course they leave behind far more harmful effects than lovely, clean renewables!

[@andresd6193]

@@robertgreen9614 i skipped physics class? I think you did. Obviously by what you wrote you have almost zero understanding of energy use and transformation. Travel 200 miles on an ICE car and the same distance on an EV, at the end of the trip park them next to each other, pop the hood, you know all that heat coming from the engine block, the radiator with hot water, the hot water hoses as well as your brake rotors, that's all energy being wasted in the form of heat, now do the same in the EV, find anything that's hot in it, almost nothing. That's how you can easily tell how much more efficient and EV is at using energy. Last year it cost me around $620 to power my Tesla model 3 for the entire year. An ICE car would have cost me around $2k. A hybrid around $1k. My solar panels provide around 93% of my energy needs. Fossil fuels will die in 10 years or less as they will eventually be unable to compete with solar. The only thing keeping them alive now is misinformation and disinformation and FUD being pumped to people at alarming rates to keep them ignorant and buying ICE vehicles and not installing solar in their houses. And you are a perfect example that those misinformation campaigns work.

[@tupaguska8270]

you would include the price of the solar panels on this calculation as they are not free.

[@andresd6193]

@@tupaguska8270 did I say anywhere anything is free?🤔

[@djt8518]

So what are people to do that can't afford a new car ev or gas but have to keep their old gas car

[@JohnMcAfee-se9ms]

Get poorer and our government will only subsidize really expensive EV's for wealthier people. They will tax Chinese EV's at a high rate so you can't get an affordable one.

[@drplokta]

They’re supposed to sell their old ICE car now while they still can and buy a cheap used EV.

[@jsanders100]

Struggle, there is global transfer of wealth from the middle class to the super wealthy. These are the consequences.

[@bhabbott]

Gas cars are very expensive to own. If you are poor then you should be looking at cheaper alternatives (eg. buy a used EV like I did).

[@kasmstamps1897]

I agreed with Dick Smith when petrol on Oz should be $10/litre. I hope fossil fuels get phased out before that.

[@kallekas8551]

And this is the guy who circumnavigated the world in a helicopter for kicks!🤣 What was his carbon footprint? What a hypocrite!

[@stefan2796]

Just drive less, what's the problem? Also less polution then: win-win.

[@gaithercain5636]

I think that more EV'S will take pressure off of gasoline. Thus getting cheaper. Might take awhile.

[@jsanders100]

I don’t believe it because as demand decreases prices will drop surely?

[@fredfrond6148]

I thought that fossil fuels are obsolete not skyrocketing in price.

[@ChinaSongsCollection]

They'll come up with an excuse to delay the rules before then. Most likely, the excuse will be Chinese EVs are still too strong. Europe can't compete.