still use apples, oranges and carcinogens. overall just a dumb quote that sounds more profound than it is.
@cpt.crunch99786 жыл бұрын
If apples and oranges is profound to you that's not my problem. Your comparing two things that have nothing to do with each other. You call a common metaphor profound and call me dumb? That's pretty fucking sad dude.
@nuwan865 жыл бұрын
Norry Shauck Hopefully we will reduce our plastic consumption especially single use ones for packaging etc
@HRPuffNStuff5 жыл бұрын
Can we get an update on this video? How are we doing towards your projections?
@lando98485 жыл бұрын
pleaseeeeee?
@saxopio62805 жыл бұрын
Well for one, a long-range EV for $30K? 😂😂😂 You can barely get an ICE car for 30K these days.
@ianmurray2505 жыл бұрын
Pretty much spot on, perhaps $36k and but by 2020 there will be over 100 EVs available to buy with approximately 280 mile range and they will be as cheap to own as fossil fuel cars. There are 20 charging stations within 6 miles of where I live in the UK, they are slow but upgrades and new faster stations coming on line every few months. Cheap fuel costs and saving the planet are why they are catching on.
@voshi22115 жыл бұрын
@@ianmurray250 model 3 is 200+ miles for 35k but that is really only after tax credits
@Peteralleyman5 жыл бұрын
Tesla is still in red numbers
@hiremathsandeep8 жыл бұрын
I am from India and have been using an EV for past 7 years ! the government of India is planning to mass produce EV at a very affordable price ( < $5000) and setup charging infrastructure by 2025. So things could drastically ! #hopefull #greenerEarth
@yungsloth83368 жыл бұрын
thank you
@johnbenton44888 жыл бұрын
Across the world, it is the infrastructure that is developing too slowly.
@ladypilliwick81798 жыл бұрын
Sandeep...I know this an old text.. but check out the new Musk/Tesla solar poduct...it's like a shake...a shingle..it is the roof..no panels. ....made of unbreakable glass.....bye bye oil
@johnbenton44888 жыл бұрын
Damn fine scheme. Give 'em time and the boffins will answer all the questions. Meanwhile, the rest of us can only look to the future.
@rikenm8 жыл бұрын
That's really food but how about the electricity?
@juandiegoceleminmojica8790 Жыл бұрын
Roughly, this article assumed around 48 million plug-in cars in 2023. Roughly, there will be 35 million of them by the end of this year. So they were off, but not that off: the two million mark of barrels of oil displaced will certainly be met by 2024. There's been a month now of news regarding China's "low oil demand", which was apparently unexpected by both the IEA and OPEC. I feel we're already seeing what the video profetized.
@sarcasticbotbol2098 Жыл бұрын
OPEC is already cutting more than 2m barrels, it's happening the S curve gonna S curve
@JohanDanielAlvarezSanchez6 ай бұрын
@@sarcasticbotbol2098they know they have their days counted. If they stabilize the price they can have profits for the next 10 years maybe. Russia ban put 6m of barrels a day out of the market. So yeah, very complex
@fernandor38545 жыл бұрын
Seeing this in 2019, one thing I can say for sure, never bet against electronics
@beansandcheese81518 жыл бұрын
I'm buying a tesla 3 because of all the fluctuations in gas prices my entire life. I went from paying $100 a month to $400 plus a month and vice Veres. I cannot deal with that type of uncertainty. I also am a little bothered to see the excess glam buildings they are constructing in Dubai. Makes me feel stupid for giving them my hard earned cash.
@SamuelKristopher8 жыл бұрын
+Beans and Cheese Totally. I mean, free charging at Tesla Super Stations? I'm in!
@ExMachinaEngineering8 жыл бұрын
+Beans and Cheese However, you have to acknowledge that research in Civil Engineering is being conducted in Dubai and other areas with really posh buildings (Japan!). Same as research in electric motors for vehicles is being conducted in the WEC and other racing championships (F1) were exotic racecars speed around the same part of road hundreds of times for no apparent reason (to the casual observer at least)!!! You need to push the limits to expand the boundaries.
@2awesome2928 жыл бұрын
+Samuel Kristopher it's only for long distance travel though :(
@anSealgair7 жыл бұрын
+Beans and Cheese People like you will save the world from its problems.
@fwefhwe42327 жыл бұрын
dont forget the terror funding from your own money !
@richystar20019 жыл бұрын
People said the same of mobile computing.. the expense for wireless connectivity and mobile computing would be only available to the Uber rich.... Now look today...everything is connected.. free WiFi is everywhere and expected to be everywhere. So How did WiFi connectivity become Free?? It turns out if you offer it they will come. To your Mall ..your Coffee shop ..your Restaurant..your Hotel.. your Bank. Free WiFi = more sales. Now you say where are you going to plug in your electric car?? When enough people have electric cars Hotels will offer free charging...then your Coffee shop ..your Restaurant ..your Mall ..your Bank. All of a sudden Gas cars seem inconvenient and costly because you have to find a gas station and pay for it while electric cars can be charged anywhere and everywhere for free. Eventually Gas stations will closed or go out of business. Then one day your granddaughter will say "what's a Gas Station"???
@FengChris20098 жыл бұрын
+richystar2001 That is EXACTLY how the history was in the past !
@AngelArm11108 жыл бұрын
I've never thought of it that way before, but that is a really insightful prediction about how this transition will be facilitated, well done
@ST3ADYxKICKS8 жыл бұрын
You people don't understand that electric cars charging everywhere will overload the system
@AngelArm11108 жыл бұрын
ST3ADYxKICKS holy shit you're right, I guess that means that electric cars are just a dead end and we should stay the course of depleting our non renuable natural resources, I mean its not like the current capacity of the electrical grid can be upgraded or anything, jeez what were we thinking?
@NicCagetheDickMage8 жыл бұрын
+ST3ADYxKICKS [citation needed] Power stations are getting cheaper every day, and wow look at all this cheap fuel we can use to power these stations...
@TheBetterGame8 жыл бұрын
And then this morning, Tesla moved their estimates forward 2 years. The half million mark they wanted to hit by 2020, is now being targeted for 2018. EVs for the win!
@seameus918 жыл бұрын
+TheBetterGame really? NICE!
@TheBetterGame8 жыл бұрын
+Seameus yup the guy who made this video has a write-up on his Bloomberg site with revised estimate. worth reading
@beeindruckendetechnologie24678 жыл бұрын
15 days ago, Opel wants to take over german market with the Opel Ampera e in 2017. Late 2016 Chevrolet wants to cut of tesla with the Chevorlet Bolt that runs 15 Miles longer in range than the 2017 expected Tesla 3. 50% E-Cars in 2025, letz bet?
@cpufreak1017 жыл бұрын
TheBetterGame I highly doubt that will happen in 2018, though considering the model 3 2020 still is a fair guess
@linuxman7777 жыл бұрын
TheBetterGame Yet will their cars be reliable? I think not. I will just wait to see what Toyota, or Subaru comes up with
@Kay0Bot5 жыл бұрын
Adoption of EVs would/is occuring more quickly in China and India. The percentage is low because of the population difference.
@gameplaychannel13095 жыл бұрын
More in china but correct
@lifethrownoutofthewindow4 жыл бұрын
wrong about india. we are 5 years behind. india will be EV rushed by 2025
@prajwal95443 жыл бұрын
India won't have ev so soon. The difference between ev and ice is 10000$ in India when it's at parity in China. India has 60-100% import taxes and ev manufacturing will take time to come to India
@gregoryschaffer57483 жыл бұрын
This video has proved prescient. If anything, the transition to EVs is faster than here predicted. Let's have an updated version of this, please. Public discourse deserves to understand it-all this will happen faster than most now realize!
@friedec36222 жыл бұрын
It's even faster when government are determined. After all, some of their capital city and farms will be underwater if they failed to reduce CO2 emissions. Government are going to reduce people rights on emitting CO2. Transportation company still has the right to emit CO2, ships and plane.
@speculawyer8 жыл бұрын
Bring it on. I have got an EV and solar power PV such that I have not paid for electricity OR gasoline for over 3 years now. feels good man.
@TheFourthWinchester7 жыл бұрын
He himself did when he paid money for the solar installation.
@546cowboy86 жыл бұрын
speculawyer and not everyone can afford the thousands you spent to do it. Your comment is pay me a little at a time or all at once and hope you live long enough to recover the expense. Your screen name says volumes.
@PatsandSox6 жыл бұрын
So would you rather pay your utility company every month and own nothing, or pay your solar loan payment every month for 10 years, then own your electricity and never pay for it again?
@markplott48206 жыл бұрын
546 cowboy - In California its LAW, that All New Homes must have Solar. If you got 1/2 Acre of Land you can have a Wind Turbine, provided you have 15 Mph winds or better.
@rogerreimer67876 жыл бұрын
Solar panel only last 15 to 25 years (that is high prices panel) then land fill, recycling of them has be a problem the solar panel are very toxic it is like dealing with asbestos
@BuellersBack8 жыл бұрын
Tesla just announced they are ramping up production to 500K cars 2018...not 2020 anymore! GO TESLA!!!
@johnbenton44888 жыл бұрын
Hear, hear.
@charliebomps65648 жыл бұрын
But they will never achieve that goal.At least not for a decade probaby,tesla hasn't even sold 100,000 cars a year yet they expect demand is going to be 5X higher in only 2 years.Elon Musk is a big dreamer but not a big thinker.
@johnbenton44888 жыл бұрын
It takes a wealthy dreamer like Mr Musk to remind the hoi polloi of how little they know, and do something about it!
@BuellersBack8 жыл бұрын
"Not a big thinker" LOL. His SpaceX company has taken over the space industry in just 12 years. They already have deposits for over 400K cars for the affordable Model 3 electric car. He's spearheading a planned mission to Mars by 2024, he's revolutionized the way transactions are made with PayPal, he's revolutionized how people look for directories with Zip2 back in the early internet days. Etc You were just being sarcastic, right? LMAO
@johnbenton44888 жыл бұрын
Not sarcastic; stupid.
@stevenbollinger97765 жыл бұрын
And your video didn't even mention: Global warming. Pollution. Torque. Maintenance and repair costs.
@truth-12345.5 жыл бұрын
It will be a different video.
@jameshall51715 жыл бұрын
I guess that means future electrical engineers will become the new auto mechanics?
@emperorpicard64747 жыл бұрын
I remember having an argument with my teacher about this. She said that eventually we will run out of oil. I argued that it would never happen because we would simply stop using it way before we run out and most likely before we hit peak oil. She was adamant that I was wrong and told me to be quite. I got detention later that day.
@mrgilbe13 жыл бұрын
Yes - peak oil was always a bit naive. Peak oil really meant "peak cheap oil spilling out of the ground". As the oil price goes up, more sources such as fracking, tar sand recovery, biofuels etc etc become viable and fill the gap. The challenge for a demand driven peak oil is still phasing out fossil fuels in favour of more carbon-neutral sources like waste-matter biofuels, in spite of the differences in price.
@mythbusterUSA3 жыл бұрын
Watching this video in 2021 and oil prices are rising crazy
@adirice46364 жыл бұрын
Turned out to be true. we’re near the end of 2020 now... Tesla is on its track to deliver 500,000 EVs for this year.
@lick31245 жыл бұрын
2019 and it´s becomming true
@Sorcerers_Apprentice5 жыл бұрын
Only mistake in this video is predicting the India and China would buy ICE. China has the most electric buses in the world and India is passing legislation to mandate electric cars. Both countries are also investing in electric car companies while US companies drag their balls (with the exception of Tesla) and apparently didn't learn squat from the auto crash of the 70s and 80s.
@martinmate27885 жыл бұрын
Very real 3 years down the lane.
@arabparticle3 жыл бұрын
2021 and it's happening
@NA-vg6rn2 жыл бұрын
There should be an update on this video..
@edricklawrenceong77764 жыл бұрын
I'm from the future: oil is now at $12/barrel, pump prices are around $1.3/gallon, and investors are literally PAYING people to get oil futures off their hands, the catch is that we can't go out to buy anything.
@americandog83805 жыл бұрын
Just like cable tv fossil fuels will become the next scrounge
@Todd.T5 жыл бұрын
Cable is for the wealthy and soon, so shall cars be. With ride sharing, overpopulated areas and people with no money. Who will pay for a car, fossil fuel or otherwise?
@PrimiusLovin5 жыл бұрын
The cable TV concept really seems outdated, for me it's only worth it for the live news/events/shows, and even then not everything suits my taste... everything else in there is programmed according to someone else's' taste and preference, not mine!
@krisa90228 жыл бұрын
dawww those poor oil producers, someone needs to start a charity.
@thaferg69698 жыл бұрын
+Kris A So they can further reduce their income tax by "donating" to fall just below the income bracket threshold?
@dlwatib8 жыл бұрын
Let them buy solar panel producers.
@nihal20557 жыл бұрын
same let em die!
@HaluhalongPuna7 жыл бұрын
poor oil producers? we're talking billion dollar oil companies here. you think they're just gonna give up without a fight? they'll do anything to survive even if it cost lives if you know what i mean. so don't feel bad for them. they're evil.
@starstuff4ever7 жыл бұрын
AdoboramaTV I know right? If they were really that poor, they wouldn't have pushed the world behind on climate change legislation.
@GoldenGrenadier6 жыл бұрын
When demand for oil goes down so does its price. Then people who held on to their internal combustion engine cars will be very happy.
@linosammut46345 жыл бұрын
golden grenadier , and the registration and pollution co 2 will deffinitly go up ,so they whant be happy i guess.
@RB011385 жыл бұрын
Only to a point. I can run a Mitsubishi imiev in the yukon at 11 cents a kWh on a 16 kWh battery (1.76 cents per charge) meaning 17.60 per 1000km. I Toyota yaris at 90 c per litre is 50 bucks per thousand km. That, and the minimum cost to operate a refinery would mean you could only go so low. Even if electricity gets more expensive and gas gets cheaper, once you account for maintenance, it still won't be worth it.
@nutandboltguy37204 жыл бұрын
My prediction will be that demand for oil will get so low that it’s not worth producing anymore and will become scarce, thus raising the price. Example: R12 Freon refrigerant used to be sold at Walmart for $.99 a can. Newer refrigerants were introduced and they stopped producing R12. There is still a need for R12 but that can is over $50 now. Gasoline will be the same.
@DC98489 жыл бұрын
Actually China is the forefront of adapting electric vehicles in the numbers
@MH-Tesla2 жыл бұрын
Wow. 1% by 2040. Holy mistake
@evolt755311 ай бұрын
It was 3 % of the global fleet *in 2023.* 3 times what OPEC was predicting for 2040 back then. 🤣 The 1% mark was hit in 2021ish?, so they were off by almost 20 years.
@ifanf5 жыл бұрын
Guys this video is talking about lower demand of oil (which I'm 99% sure) but not replacing oil entirely.
@AkaiKA4K5 жыл бұрын
@Tyler Durden You must be very old. 😁
@DelyanSpasov9 жыл бұрын
Even now the cost of driving 100 km by EV is 10-20% of the cost of driving gasoline car.
@DelyanSpasov9 жыл бұрын
Kawiboy I am talking simply about the price of electricity needed for 100 km compared to the price of gasoline. I know that in most countries oil is taxed very high but I am talking about current situation as it is.
@mrclarkson38129 жыл бұрын
+Delyan Spasov batteries are very expensive to replace,cost of ownership matters...Battery wear out at around 5 years... The math ,matters...
@armanddesarrierespays7199 жыл бұрын
+Mr Clarkson No, they have a warrantee of 8 years and long term tests have shown that they don't wear out that fast, just loose around 5% of their capacity after 200'000 km.
@ClarksonsinUSA9 жыл бұрын
+Armand Desarrierespays pie in the sky...!!!!
@dunhillsupramk38 жыл бұрын
+Armand Desarrierespays what?!!! do you have a link??? because in a Tesla the battery NEEDS to be replaced every 100k miles or so.... Tesla does have a 8year unlimited mile warranty but you have to pay extra for that... this is the 1st time i'm hearing of an EV lasting over 100k miles with the original battery pack... so please if you have a link i would like to read up on it (i couldn't find anything when i Googled it)
@NevanRead8 жыл бұрын
I am going to help to Tesla by buying a model 3
@ladypilliwick81798 жыл бұрын
me too. got my down payment on.it...should get it about late next year (2017 ) did you know you get a battery up grade when they start making em....pushes the range to over 300 miles
@NevanRead8 жыл бұрын
Philip Reynolds mine is coming in 2018. "patience is a virtue"
@1stneon8 жыл бұрын
how much was the down payment? and whats the cost of the battery upgrade?
@NevanRead8 жыл бұрын
Down payment 1k. Battery cost still unknown
@evilplaguedoctor51587 жыл бұрын
+ferkemall - increased demand causes prices to go down (in the manufacturing world) since it means you deal in bigger volumes. it's only with static things like gold that go up with demand. (it's the reason electronics are so cheap, because the demand is so high)
@kickit2468 жыл бұрын
I really can't wait until the electric self driving cars. I had to surrender my license (only a couple years after I got it) because my disability got too bad. I miss driving and I now have to depend on others to get around. It's definitely a hassle and feels like I have less freedom. I'm really looking forward to the future of transportation.
@dennysm918 жыл бұрын
use uber.. nmm69 is a code to get your first ride free
@sUmEgIaMbRuS8 жыл бұрын
+dennysm91 This Uber invite code spamming should stop. Not that I have anything against Uber, but I see invite codes everywhere. It's driving me crazy!
@egesajesse8 жыл бұрын
+Ambrus Sümegi He is an insensitive bugger. I too hate spam of all sorts... :)
@546cowboy86 жыл бұрын
Andrew I understand where you are coming from but do you really want to trust your life to computers? Do you own one that has never locked up or been infected with a virus and stops working or is held with ransomware? It is the folly of advertising and large corporations for profit at their worst. Tesla is the worst.
@danielstapler43155 жыл бұрын
Try Uber Pool, you share with other passengers and save a lot
@maxr26634 жыл бұрын
Right now oil is $20/barrel. Reduced demand causes oversupply because countries rely on oil revenue to fund their governments. So they just keep pumping and driving the prices lower
@taxsi5 жыл бұрын
Writing this on June 2019 and reporting for year 2018: In 2018 approximately 70 million passenger cars are produced globally and 2.1 million of them were battery EV or plugin hybrids, which makes 3%. The OPEC estimation for 2040 (which was 1%) is already tripled in 2018.
@prathameshp30135 жыл бұрын
I think the OPEC estimate for 2040 was for the total number of EV/ Hybrid cars not the ones produced in that year
@Takeruskep5 жыл бұрын
Hi guys, from the future Electric Cars are taking over the world now in just 3 short years, and buses.
@vyoomrandomuser5615 жыл бұрын
Will TRUMP be re elected?😂
@ashutoshmalguri5 жыл бұрын
@@vyoomrandomuser561 Yes
@unidentifiedx93915 жыл бұрын
@@vyoomrandomuser561 hopefully not
@JJ-cg3rn5 жыл бұрын
Vyoom [Random User] let’s hope so...
@Neojhun3 жыл бұрын
Hello From 2021, welp lock down had a weird effect and perspective. This path just accelerated again.
@achintrastogi32407 жыл бұрын
May tesla come to india soon🙏
@Sonpal_Sikarwar5 жыл бұрын
If it happens then It will force Mahindra , Tata and others to produce EVs ... At present they r making people fool by making EVs of 90 km range & selling then of 12 lakhs ₹ & even more
@michealbay12905 жыл бұрын
Make an idol and then worship it
@krishnasomasundaram91555 жыл бұрын
Although Tesla in India would be nice I think it's kinda hard to imagine those cars navigating across the tiny Indian streets
@kunal-ko5 жыл бұрын
No, we need an Indian company to make electric cars.
@devbali-q6f5 жыл бұрын
Why do we have an idiot cursing Hindus and another idiot cursing Islam in a comment about Teslas?
@praffe5 жыл бұрын
Half of car sales in Norway last year was EVs. Look to Norway, we are banning sales of new fossil fuel cars in 2025.
@cannonfodder68925 жыл бұрын
Really?! Dang time to move there
@jeffrockr5 жыл бұрын
norway are rich tho.I love the move to electric.. but.. I have quite a few concerns about all this. I love the idea, but in the real world, the gas is taxed and that tax is part of the gov budget. Add to this that the electricity companies are also owned. What will hapen with that tax missing if no gasoline is sold? Will the electricity stay cheap or prices will end up raising up? And oil being a giant lobby, owned by powerful people, how will it affect the global relations with all this profit loss for oil producers. the best way is to mix solar and electric car and unplug from the grid as much as possible.
@sampathsams7 жыл бұрын
Oil companies are also overlooking the fact that one of the early adopters of electric cars will be taxis, which consumes more than 10 times the fuel than that of a private car. Huge reason for them to be worried.
@GudieveNing7 жыл бұрын
Spot on. Been saying this for years. Once demand for a product begins to fall permanently then you can pretty much be assured it will die as soon as the producer is unable to cover their investments.
@johnnyvvlog5 жыл бұрын
The thing is once you try an electric car out you just don't like going back. The more people have one the more people that will experience one and the more people that will want their next one to be electric. And 2020 seems to be the year in which normal family cars will become available in electric versions with acceptable ranges. It can go extremely quickly from there.
@johnmiranda23075 жыл бұрын
*Couldn’t happen to a more deserving vertical!!*
@stephen_1018 жыл бұрын
Excellent analysis. Electric cars are just so much nicer to drive - no silly gears to mess around with - just quiet and smooth. Consumers will demand this kind of refinement and gasoline cars will be elbowed out.
@SamuelKristopher8 жыл бұрын
+Stephen Smith I think gasoline cars will stick around as a niche/novelty thing. It'll probably take a bit longer for electric cars to outdo them in areas like drag racing and some people (my mum and dad, shame to say) are obsessed with the gnarling rattling roar of their 60s muscle cars. They look at me with disgust when I talk about wanting to buy a Tesla. Still, I look forward to a time when people are more inclined to look at them with disgust as they pull into an intersection with their growling Mustang :)
@rs720988 жыл бұрын
+Samuel Kristopher Very true, but just thought I'd mention electric cars are the fastest at drag racing too. And governments are requiring that electric cars make more noise to avoid collisions.
@SamuelKristopher8 жыл бұрын
coolguy98 It'd be cool if you could customise the sound your car makes. I'll make mine sound like a TIE fighter or a podracer, I guarantee it. ^^
@johnbenton44888 жыл бұрын
Unhappily the savings will not be there for ever. Now is a good time to get your EV.
@FritsvanderHolst8 жыл бұрын
Most guests I have in my Leaf (family/friends) are amazed because of the silence and the smooth ride. EV's sell them selves when you get people in there for the first time.
@cyndie265 жыл бұрын
Don't forget that fossil fuels will likely still have uses beyond the end of ICE cars. They are used in making everyday products, such as plastic, shoes, floor sealant, makeup, and, believe it or not, alternative energy products.
@Noeman20095 жыл бұрын
Also fertilizer and asphalt.
@danielcarroll33585 жыл бұрын
One day quite a few years ago when I worked in Saudi Arabia the head of the International Energy Agency was in my office for obscure reasons. (My work has nothing to do with oil.) He said, "Petroleum is wonderful stuff. We can make so many things from it. And what do we do with most of it? We burn it."
@boulderbash197002095 жыл бұрын
Somebody up there already draw the analogy with stone age. Stone was reduced in importance after human learned to use metals. It's still find other use, but no longer much sought.
@boulderbash197002095 жыл бұрын
@@danielcarroll3358 John D. Rockefelller ordered his scientists to find other uses for his oil, and for that, he managed to push the kerosene price to 10% from when he first get into oil business.
@Noeman20095 жыл бұрын
@@boulderbash19700209 Rock and sand actually are much needed in every infrastructure development (Asphalt concrete, cement concrete, glass, fiber optic glass)
@PrimiusLovin5 жыл бұрын
I'm absolutely tired of having OPEC countries defining if Europeans are going to pay more or less for fuel to drive to work and therefore making everything more expensive! I can't wait for electric cars to take over in Europe, because then we control the price of our own generated electricity for driving!!... Some people still don't understand that EVs in the EU are a matter of gaining more energy independence from foreign countries!!!
@ronaldderooij17748 жыл бұрын
Things can go fast. I think China will lead the way on electrification. At least I hope they will.
@bruceburns16728 жыл бұрын
Take a look at the Chevy Bolt , the Electric era is already here and there is now no excuses except for shear habit of what we are used too .
@CONTACTLIGHTTOMMY6 жыл бұрын
China is indeed going electric. Many of the larger cities are electrifying public transportation in a big way.
@MGN015 жыл бұрын
If their premier wants it the people will simply nod yes and move to electric. No wonder Wall St loves them , human rights be damned. We can’t do that here in the U S.
@chantelle16915 жыл бұрын
MGN01 ,I think that's wat I need in my country. Fuck human rights
@eddy5149 жыл бұрын
Really like this style of video, please do more
@siddharthsaha31035 жыл бұрын
Tell me where will the excess energy needed for EVs will come from?
@rcap91825 жыл бұрын
Renewable energy.. Solar, wind, hydro etc
@Spectathorism5 жыл бұрын
From elon musk's pocket fo sho'..
@iHawke3 жыл бұрын
@@rcap9182 that's isn't sustainable
@AUTONOMOUSFUTURE3 жыл бұрын
in india tuktuk is replaced by e-rickshaw in very major way ,so change is already there
@davidbowl9650 Жыл бұрын
WIll there be an update on this video?
@liamrowe85723 жыл бұрын
5 years later. Electric cars are now better than gas cars and more and more people are buying them
@TarekMidani8 жыл бұрын
I am a huge fan of electric cars and their future. But I call this bullshit. For one, getting electricity is flexible. Let me explain, the way economics works is people buy the cheapest source of energy. That's way electricity providers still use coal. But also use water energy. They also use nuclear. It's all about diversity and low prices. If oil gets cheap, it would be a good source of energy, and a whole lot cheaper than wind or sun to produce in the short term. Oil won't be crashing as drastically as you predict
@pisasupayani8 жыл бұрын
exactly what I thought. Instead of oil being burnt in cars, it will be burnt in power plants like coal
@JanTuts8 жыл бұрын
+Tarek Midani Agreed. If oil becomes so much cheaper because people want less oil, and more electricity, they'll just start making electrical power plants that run on oil... Balancing out the demand in the end. Also, if people buy less gasoline-consuming vehicles, gasoline prices drop, making gasoline cheaper, making gasoline-consuming machines cheaper to use, making more people choose a gasoline car over an electric one, purely for financial reasons. The only thing that'd counter that, is those people's will to still buy electric for the environmental reasons.
@CorwynGC8 жыл бұрын
+Tarek Midani Wind is cheaper.
@allajunaki8 жыл бұрын
+Tarek Midani , True, unless countries and UN sanction some sort of Penalty for green house emissions, which could take oil based production out of equation. Right now Oil is a necessary evil, one that is cash rich and with powerful lobbying abilities. Once Oil price crash (we are already seeing this), the oil companies will loose their ability to sway the Political class, and this will lead to greater emphasis climate change and ultimately a far greater focus on renewable sources.
@jeromecastonguay7 жыл бұрын
Time to update your video my friend
@JOSHINGEORGD1235 жыл бұрын
Jerome u were wrong time will prove.. but i hope u were right but its not we r doomed
@Jake-rs9nq3 жыл бұрын
That isn’t how oil markets function. If demand decreases (such as during the pandemic), production is cut. This keeps the price high. This didn’t work last spring because Saudi Arabia and Russia used the low demand to drive prices even lower by building an oil glut with an oil war. Once the two put down their drills, the market balanced out and the price of oil skyrocketed back up.
@TankDerek3 жыл бұрын
Many prodcuers can't afford to cut production. They have fixed costs which need to be covered. An oil glut will definitely curtail new investments in oil exploration and exploitation, but for those wells that have already been drilled, I would be surprised if any are shutdown prematurely.
@exoticcar54825 жыл бұрын
Maybe true for ground vehicles, but I'm sure oil will still have a mass market for aviation. Energy density is still a big problem for aircraft especially since they can only move by exerting forces on the air. and jet engines will always do this better than propellers
@888TopGear8888 жыл бұрын
Good. About time we start investing billions if not trillions into technology rather than letting these Arabs get richer and richer
@rogerreimer67876 жыл бұрын
The electronic industry is the biggest polluter on earth all the copper the lead the zinc required to make an electric car a computer or cell phone solar panel (22 elements 2 are very toxic mainly the acids used) a 80 meter wind turbine need 240,000 tons of C02 to make and they last 25 to 35 years only then land fill better than solar panel 15 to 25 years then toxic land fill. Lead is the number on pollutant in the electric industry they are trying plastic
@-whackd6 жыл бұрын
If the oil prices drop, regions that cost a lot to produce from like the Bakken in the US, oil sands in Alberta and Venezuala, etc will be the regions that will become unprofitable. Saudi Arabia will always be able to export their cheap oil for plastics and other uses because it is so much cheaper to pull theirs out of the ground. By the way, they are investing in the biggest solar project along with Softbank, because that area can get solar at 4 cents per kw or lower (2-6 cents cheaper than oil and coal).
@BoeyChar9 жыл бұрын
TESLA WILL MAKE AMERICA GREAT AGAIN! (Sorry just watched an entertaining Trump video.)
@toyotaprius799 жыл бұрын
+ReXShunji *Drumpf
@LQ-gaming8 жыл бұрын
+ReXShunji he is going to change the american flag with the Chinese one? :D
@dlwatib8 жыл бұрын
+Low-Q Troll. President Trump loves the American flag. It's anti-Trump protesters that hate it and burn it.
@GeorgeStar7 жыл бұрын
You would know.
@eliazerjohannansantos64637 жыл бұрын
It will
@NWforager8 жыл бұрын
AND electric bicycles !! =) World Wide they are the most popular electric vehicle already
@thermalf8 жыл бұрын
+NWforager In city I use an electric trike W/basket large enough for 3+ shopping bags. Saves money and very low pollution. Renewable hydro-electric house electric service.
@AlvaSudden6 жыл бұрын
I bought one cheap, under $12,000. Get a used leased one. There are online forums for every kind of electric car, making the research very easy. I charge it in a regular 110V plug, love it.
@84604375 жыл бұрын
I just bought a Nissan Leaf and have a 220 volt charging station in my garage. I have a 150 mile range and since I only use the car for short trips it is the best second car for me. For longer trips I also have a gasoline car. The best of both worlds.
@nabeelmohammedca5 жыл бұрын
Let us all hope for a greener future.
@lexluther30665 жыл бұрын
nabeelmohammedca Use less oil and plastic. Plastic comes from oil. Be conscientious when shopping. Bring your own bag instead of getting plastic bags. Turn off lights when not in use.
@nabeelmohammedca5 жыл бұрын
@@lexluther3066 Yes, these practices are being adopted around the world. Plastic shopping bags are durable, they can last a long time. Instead of using it just once, people should reuse it.
@yee63655 жыл бұрын
Lex Luther only 7% of the oil is converted into plastic.
@AngelArm11108 жыл бұрын
of the oil companies were smart, they'd be dumping every last bit of capitol they have into preparing for, and transitioning into renewables, god knows they have the resources to do it, and if they got on board we could make the transition even faster. for the sake of the planet earth and the job security of the massive amounts of people they employ, I hope they start reading the writing on the wall, before its too late
@JETZcorp8 жыл бұрын
A lot of them are. A lot of the money for things like algae biofuels or hydrogen fuel cells, is coming from guys like ExxonMobil, Shell, etc.
@AngelArm11108 жыл бұрын
They can keep that hydrogen fuel shit, I'm talking about solar, wind, and geothermal, the biofuels are good as long as we're talking alcohol based fuels, but hydrogen is just a bait and switch
@JETZcorp8 жыл бұрын
You don't know the future any more than I do; it's far too early to make big declarative statements like that about hydrogen. I don't see solar and wind taking off in North America anymore than hydrogen fuel cells. And even if they do, those are far outside the expertise of a petrochemical company. They might as well get into the drywall business at that point. As for the biofuels, not all of the good ones are alcohol. Algae fuels are actually oil based and much more like "real" petroleum. That's good because you can use it in a 1966 Ford truck without destroying the fuel system like alcohol does. It also means you could conceivably make carbon neutral plastics and other petrochemicals.
@AngelArm11108 жыл бұрын
I don't need to see the future to understand the science behind fuel cell cars, its a matter of allowing hydrogen atoms to combine with oxygen atoms which causes them to shed one of their electrons. The process of making hydrogen fuel requires large amounts of initial energy input, and you can only extract a fraction of that energy within the vehicle. Its only being sold as green because the only emissions you get from the process are water, but its a dirty fuel in its production phase. Solar power is actually booming right now, there are more jobs being created for solar than there are for oil, and the price just keeps coming down, so rest assured, in a decade or less you'll see solar become a major competitor for energy production. www.fool.com/investing/general/2014/06/07/why-hydrogen-fuel-cells-have-no-future.aspx www.scientificamerican.com/article/solar-power-sees-unprecedented-boom-in-u-s/
@BangaloreTrafficMadness8 жыл бұрын
+Robert Johnson Yeah but thats the things with humans! They resist change. Especially those with power who know its not going to last. They are spending more on lobbying against this change. I really hope we get to a point where people are like hmm new car I think ill choose electric cause its better for everyone!
@308_Negra_Arroyo_Lane8 жыл бұрын
Wrong. Why would "new" drivers in China and India "still" choose gasoline?
@pandu99338 жыл бұрын
lack of charging stations. People here dont really care about environment as much nor are too eager to change. Every new technology in 1st world countries takes longer to come in 3rd or 2nd world countries. The guy in the video has done his research, U haven't Edit : I was talking mostly about India.
@akoww10008 жыл бұрын
+Walter Black because in China their leader wouldn't make that much money off of electric cars . He gets kick backs from Gas companies to sell in his country " now electric is something his own country makes,so he will lose money" and huge taxes on gas that's sold to his people
@308_Negra_Arroyo_Lane8 жыл бұрын
Joke's on you, Joker. China hasn't had many cars for many years, and they don't have a supply of crude. Much of their public transport is already electrified, because it was designed that way. Households using solar and wind far surpass that of the US. They didn't do their research, and you, well you're just an idiot with preconceptions.
@pitchforksarecoming8 жыл бұрын
+akoww1000 oh so China wouldn't be able to take kick backs like ALL american business/oil do and have been doing forever now !
@dzonikg8 жыл бұрын
+The Joker his not done his ressarch..in fact in 2015 china had more then 50% share off all plugin vehicles in the world ..in China and new city buses go on batteries And for 2017 there are tons off new electric cars that come to China market
@markanthony32755 жыл бұрын
Well, that's interesting...because as someone who mines the sulphide nickel used to make batteries I can tell you there isn't enough nickel on the planet to meet 10% of the demand. So I'm afraid this rush to E.V.'s isn't going to work out very well no matter how many of these predictions come out...there ain't enough nickel in the ground and that's a fact.
@bad2thebone4417 жыл бұрын
All we need is hybrids that can get 60 mpg to devastate oil. Imagine people fueling up @ 1/2 the rate.
@truemore753 жыл бұрын
Well, Tesla did hit 499,000 in 2020 and oh oil companies are having issues. Even Saudi Arabia is diversifying quickly. If you do the math on current BEV growth we are on track to hit the numbers in the video of 2 million BPD sometime in the next 5 to 6 years MAX. I believe the people who made the video that would only be at the low end of the S curve so oil prices would crash unless they can find someone else to sell to.
@DJaquithFL7 жыл бұрын
We need 100% renewable energy sources, currently Li-ion isn't renewable not to mention it's only energy storage. If batteries weren't so ecologically damaging by heavy metal mining nor poorly recyclable then certainly batteries would be a good option. Li-ion batteries are a stop gap and a trading of one finite source for another. Batteries are evolving but slowly, once the batteries, power storage, use quickly refillable and renewable electrolytes with more abundant renewable and recyclable materials then you may have something worth building large scale infrastructure around.
@jmitterii25 жыл бұрын
H2 fuel cells are better. But like you pointed out, that's just an energy storage method. Ultimately LFTR fission and the most ultimate fission ITER /Wendelstein 7x type reactors must be built on a scale not seen since after the rebuilding of WWII. At that point, batter vehicles and H2 vehicles as well as electric trains and aircraft fueled with synthetic fuels using electrolysis to make complex hydrocarbons that are greenhouse gas neutral. When LFTR and especially ITER reactors become a reality and are built enmass, all fossil fuels become obsolete within a couple decades.
@AmandaHugenkiss29155 жыл бұрын
Renewables do not have the reliability nor power density to ever be a primary source of energy. Their power potential pales compared to oil gas coal or nuclear.
@oscar187775 жыл бұрын
I am in 2019, and this is definitely happening already!!!
@jamesbird61035 жыл бұрын
My car has a Plug and I am NOT going back!
@ronnieg63585 жыл бұрын
Oil will be cheaper because of over supply, gasoline cars will then be more attractive.
@Happi-HD5 жыл бұрын
This is quickly becoming a reality. Toronto recently started testing their new 100% electric buses, but they likely won't be used for regular use until they can drastically increase the battery capacity. On another note, there has been streetcars in Toronto for years that have always run on electrical energy from the above suspended wires.
@1000lifelessons4 жыл бұрын
What a great video. The switch to EV is going to happen soon. I’m so excited! :)
@Ohmriginal7225 жыл бұрын
Ahhh, the days before the Model 3
@TheOneWhoMightBe5 жыл бұрын
Being able to extract more oil than we used to think we could doesnt cancel Peak Oil; it just pushes it to the right, and through compound growth, not very far. However, thanks to EV's etc, Peak Oil will now probably not be due to declining reserves but declining demand.
@sterlthepearl10007 жыл бұрын
Yesterday is history, tomorrow is a mystery, today is a present, and that's why it's called a gift. Fantastic animated Power Point presentation. If that's the software you guys used to make this Motion Picture. A+ for it being educational and entertaining.
@Bluepilled-c5t7 жыл бұрын
The big problem for ev cars is charging them. For city dwellers who park on the street, where do they plug in? Run a chord from the house over the pavement? They’d need charging stations on the street curb and that’s a massive roll out of infrastructure. Regular voltage charge is very slow. It’ll have to be some high voltage thing too.
@goatlady77613 жыл бұрын
50 percent in us by 2030 more likely.
@matthewviramontes31312 жыл бұрын
50% of *sales* probably, maybe even higher, but I doubt that 50% of all cars on the road in 2030 will be EVs/hybrid. You could literally give away 10 million EVs a year until 2030 and there'd still be more ICE vehicles out there. There's just too many of them, so it's gonna take time to replace them all.
@SierraYankee78 жыл бұрын
"The television industry could wreak havoc on the radio industry in a matter of years!" "The oil industry could wreak havoc on the steam industry in a matter of years!"
@koyko48 жыл бұрын
Cars vs Horses
@johnbenton44888 жыл бұрын
Somebody's crystal ball was working then.
@koyko47 жыл бұрын
Missing the point, horses will be replaced, repurposed and revalued, significantly reducing the population and become more of a vanity symbol.
@koyko47 жыл бұрын
Missing the point, horses will be replaced, repurposed and revalued, significantly reducing the population and become more of a vanity symbol.
@brianhabing50767 жыл бұрын
"Electric Engines"? I believe you meant Electric Motors.
@talpolano45495 ай бұрын
how about an update of this for 2025??
@olstar186 жыл бұрын
Well that also means greater demand for electricity and since a very large portion of that comes from oil the only thing that has changed is who buys the oil.
@passais5 жыл бұрын
I'm an absolute believer in EV and the electrification of the economy. But there is a small caveat in your thinking. Most countries won't be able to add capacity to generate electricity from renewable sources or from nuclear fast enough. Much capacity will therefore still come from natural gas or even oil. So a lot of the falling demand from vehicles will be replaced by demand for generating electricity. And let's not forget aviation, industry and even ships. Your scenario will probably come true, but I doubt it will be as fast as you say.
@Brandasss5 жыл бұрын
Agreed, but that fact that EVs are far more efficient would still reduce the net consumption of oil/gas significantly.
@ctuan137 жыл бұрын
Meanwhile, electric cars mean the coal market is BOOMING👌🏼
@Sorcerers_Apprentice5 жыл бұрын
You mean like all those US coal companies that keep going belly up, even as Trump blows their dicks?
@glenncordova33655 жыл бұрын
4 major coal companies have gone bankrupt in the USA in the last 6 months. Only the state of Ohio has turned to socialism to save the people's coal industry. Tax payer subsidies to keep coal and nuclear plants in the state open against cheaper wind, solar and natural gas.
@johnkennedy83635 жыл бұрын
Only in third world countries
@Neojhun3 жыл бұрын
Ooof that has aged like Fresh Full Cream milk in 4 years.
@shadowdance46665 жыл бұрын
India has already banned gasoline 2&3 wheeled vehicles by 2023. Not just new vehicles lol. Autonomous taxis will spread like wildfire and bring charging stations with it. 1/2 of all new vehicles will be plugged in before 2030
@sreeharia085 жыл бұрын
U don't make any sense!
@shadowdance46665 жыл бұрын
sreehari A whatever you say pal lol What exactly does not make sense
@joputhiyaparambil075 жыл бұрын
Nobody in Indian government said so. From where you heard this B.S.?
@shadowdance46665 жыл бұрын
Jobins Puthiyaparambil it’s on the internet. Read it yourself. I jumped the gun. It’s not law yet. Vehicles under 150cc including diesel. By your attitude I guess you don’t like clean air
@raghuveer45525 жыл бұрын
India doesn't have infrastructure nor manufacturing capacity to support such huge number of EV vehicles. Heck, India doesn't even have capacity to provide 24/7 electricity in many villages and cities. Electric cars is but a dream and it won't happen on such a mass scale for the next 100 years Besides, producing lithium batteries on such a scale is way more harmful to the environment
@PiperMoxy4 жыл бұрын
OMG I see so many electric vehicle deniers here. Its your choice. I just paid off my used Chevy Volt and solar panels. Saving $600/month. It's like having an early pension.
@dom1abc1mbc3 жыл бұрын
this assumes that all elecric vehicle sales are replacing gasoline cars, which is false, the demand for ICE cars will still increase in 2040 in relation to 2020
@wilshire363 жыл бұрын
You can’t have demand for a vehicle that will be deemed “illegal to buy” in just a few years. China & some European countries are already banning ICE cars sometime in the 2030’s
@dom1abc1mbc3 жыл бұрын
@@wilshire36 i am skeptical to whether they can do that this early, it may be pushed further, most underdeveloped countries wont have electric stations spread by then, so at the very least they will be sold to those countries
@wilshire363 жыл бұрын
@@dom1abc1mbc I agree that underdeveloped countries will be the last to electrify but I wonder who is going to exclusively cater to an underdeveloped market? If two out of the three biggest automotive markets (China & Europe) already mandate an ICE ban underdeveloped countries will most likely follow right behind, albeit to not the same extent
@Neojhun3 жыл бұрын
Welp this has aged like Fine Wine, I guess it's 5 year old Vintage still in reserve. The past two years including lockdown has realy accelerated this path. Then add ontop the US disastrous Gulf War II failures now being a shameful stain. We could drop kick this junk any faster. No seriously we can't move faster in this transition or we would have Supply Chain scarcity problems.
@harish82314 жыл бұрын
Happening in 2020
@DC98489 жыл бұрын
This deserves way more views
@redenginner5 жыл бұрын
That also is assuming that the large oil companies don’t simply buy out or suppress any EMV companies that they deem a threat to their increasingly untenable business model.
@olivercuenca41095 жыл бұрын
That seems extremely implausible given that most of the big electric car companies today also produce petrol and diesel cars, and especially post-dieselgate, seem hell-bent on pushing EVs to look better. Not to mention, it is pretty definitely against laws against monopolies for an oil company to buy a car company, especially one that obstructs its influence.
@pkasb905 жыл бұрын
Three years on still no sign oil demand diminished.
@terryking12745 жыл бұрын
It will diminish some but it will never go away. Too many things are made from it, including those electric cars and the tires they drive on.
@LabTech418 жыл бұрын
Good, can't happen soon enough; I want to see T. Boone Pickens nervous while he's still alive. Oil, at this point, is almost anachronistic; we only think it isn't because the Fossil Fuels consortiums have kept renewables in their infancy for generations. We rightly should've had this stuff by the late 80's at the latest. Sadly, in all likelihood Big Oil will simply morph into Big Renewables, but they won't have as much power and influence as they once did, because renewables can be easily distributed without a central source; and at least Big Renewables won't be tearing a massive hole through the future of our planet's ecology.
@MrDeadInMyPocket8 жыл бұрын
+LabTech T Boone Pickens has been shifting his investments to water. Not kidding. Buying up huge swaths of land and water rights like the Ogallala aquifer. It's something that you rarely see in the media. Do a google search for "T Boone Pickens water".
@LabTech418 жыл бұрын
MrDeadInMyPocket Not surprised he's doing it; when that aquifer inevitably becomes permanently contaminated from fracking, he's going to need to own as much of it as possible to prevent as much litigation as possible. The whole thing's essentially an underground river, flowing through the whole state, and when the day comes that a drill breaks through the wrong place and starts pumping it's toxic brew to get at a few barrels of oil, you can kiss one of the biggest agricultural states in the country goodbye.
@MrDeadInMyPocket8 жыл бұрын
True.
@ontheedge333717 жыл бұрын
LabTech yes and leaving giant pools of toxic sludge in pristine and ecologically sensitive habitats all over our natural earth . And they are trying to expand their operations on the west coax of Canada right now with ideas of pumping the dirty oil from Alberta to the BC coast in increasing tanker traffic by 300% ! Not a joke ...and the LNG plans they have are just as bad with fracking and poising our water ! The tress all get cut by a few people and benefit a very small portion of humanity for a very short period of time ! Leaving them helps everyone on earth for this and generations to come .. It's so sad what this planet and humanity is compared to what we could and should be Thank you for your video !
@Gallardo66697 жыл бұрын
This is an information for everybody who wonders from where we going to get all this electricity in the future for the electric vehicles. I have solar panels on my roof which cost totally $24,000. these panels serve a hundred percent the house within a year plus one electric vehicle. our savings are average $100 monthly for electricity costs for the house and we safe in the year 2000 dollar of fuel we did not have to buy for our electric vehicle. we live in California and have plenty of Sun. I still have space for adding more panels on my roof....
@tanmaykumar45616 жыл бұрын
Only problem is that you dont get sun everywhere
@riley_oneill6 жыл бұрын
The price per KW of those solar panels are dropping by about 5% a year. That may not seem like much but over a decade that is a $24,000 system dropping to under $15,000. The battery storage is also dropping each year but not quite at that same rate. Gasoline, Oil, Coal, Natural gas, aren't consistently dropping at 5% a year. Solar is eventually going to hit a price point where everything else is an expensive hassle and every roof that can have solar on it will have solar on it. New homes will be designed to have a maximum solar collection area, so instead of a 5KW system they will crank out a 20KW system. It can be 118 degrees outside and the solar on your roof keeps your house down to 72 degrees. Peaker plants are already obsolete in California. When they are most needed is the middle of the day light hours on hot summer days. When the sun is being relentless.
@ronnieg63585 жыл бұрын
What on earth do you do with all the money you save?
@supahotfire85368 жыл бұрын
35 oil barons disliked this video
@joshchelvolski10336 жыл бұрын
The big problem is that yes theres oil but there won't be much left of earth before all of it can be consumed.
@spelunkerd7 жыл бұрын
You make some good points about how this could be a tipping point for free market prices. Not mentioned is the fact that home heating (and air conditioning) are bigger sources of energy consumption than are cars. Many of those plants are still powered by coal, but the transition to natural gas is inevitable. Fuel prices are largely controlled by OPEC suppliers who can turn the tap down to dampen free market changes, rogue outliers notwithstanding. Of course in an ideal world hydroelectric power (or even nuclear) would be a cleaner source of energy.
@asgard56125 жыл бұрын
Oil producing countries are panicking now, by 2030 , their oil revenue will be goner.
@28ebdh3udnav5 жыл бұрын
Goner? English dude.
@tooniis14035 жыл бұрын
Remember that still most electricity is generated through the use of fossil fuels, mostly refined from oil. This should delay this oil production peak, but not completely prevent it.
@skeed.57685 жыл бұрын
Solar panels aren't a reliable source of electricity.
@tooniis14035 жыл бұрын
@@marioskoukoulieros825 Read my second sentence again.
@bubba8425 жыл бұрын
Most fossil fuel electricity production is from coal and natural gas. Not many people use oil to generate electricity due to its massive cost.
@stephen79385 жыл бұрын
I'm still wondering why every time clean energy is shown as a visual, nuclear is always left out. If anyone truely cared about the environmental impact they would choose nuclear Everytime as solar and wind can only be used as a compliment to a system.
@H01m3s7 жыл бұрын
Thing about OPEC and the last crash... it happened because a couple of countries got annoyed and DECIDED to flood the market. If demand drops then OPEC drop production (at first). The REALLY interesting part will be to see which country breaks rank first! Then things will get interesting.
@stlwill7 жыл бұрын
This “oil crisis” is more complex than the video explains: first, OPEC will start limiting the amount of oil produced to keep the prices stable. Then, they’ll have to start capping wells because they’re more expensive to operate than the profits it’s generating justify. But, OPEC can maintain current prices for much longer than a directionless industry like the one described here.
@DaveWard-xc7vd6 жыл бұрын
I drive a 2015 All electric Nissan Leaf. I average 1000 miles a month for $30.00.
@willestrada6 жыл бұрын
Furrowed Brow nice! I’m still working on getting an EV, but i probably spend around $60 a week for gas, so $240 a month in gas... sounds like in 2 months I will spend what you spend in the year.. how awesome, can’t wait to get my EV.
@kkirschkk5 жыл бұрын
Two issues 1: Reduced gas prices due to lower oil prices will make gas powered cars cheaper, which will taper off demand for EVs 2: You also assume that with cheaper oil, that demand would fall, while in reality other industries [Chemical, Big Phrama, Electrical, Plastics, Cosmetic] would pick up the slack when they are presented with very very cheap feedstock and energy. This is also assuming you can get past the issue that there isnt an unlimited supply of lithium in the world, and that with increased demand on the limited supply will cause prices to jump [unlike oil, which can be created basicly everywhere and is very flexiable on where it can be found, lithium can only be found in a few select locations in the world with the right climates and right soil, and Sodium batteries are not amazing either, you cant get around lithium with that]. All in all, while EVs very well could tap down oil growth, its unlikely to fall more so than flat line, just due to the fact that there are a lot of other industries that would jump at the ability to get cheap oil, making a price floor. Plus its nearly impossible [or i should say impratical] to go 100% renewable with out things like nuclear energy or fusion [which the former is hated on unfairly due to irrational fears of nuclear bombs and two accidents [that in the grand scale of things, where not that bad] and the later is 30 years away yesterday, 30 years away today, 30 years away tomrrow and 30 years away in 30 years time], so your going to likely still have a huge demand for base load oil or natural gas, which would only grow with cheap energy. Again EVs can likely tap down the growth in oil, but not eliminate it [look at coal for example, after decades of protests aginst it and governments trying to reduce its use world wide, we are now only barely reaching peak coal in 2018/2019, and coal has a lot less uses than oil does.] More than likely this "Neo-Peak Oil" will only come around when oil either truely starts running out [or the cost to extract it rises way to high] or some breakthrough that no one can see happens [unlikely]. But this is only coming from a Chemical Engineering degree student at Michigan Tech who is also getting a minor degree in "Petro-Chemicals and Polymers" and "geology", so what do I know [A lot on this in fact].
@ifanf5 жыл бұрын
I am also chemical engineering student and I agree with the limit of what lithium can do. I am not sure if someone in the world can recycle lithium economically. The most for it promising process is acid leaching but chemical precipitation is challenging. Sure, demand for oil for transport will fall but petrochemical will quickly rush in due to higher profit margin they can get from cheap raw material derived from oil. Shell (at least in Singapore) is already investing heavy in petrochemical. I think the condition ahead, at least until 2050, is that those who work in oil industry will not have high bonus and benefit as the previously had and petrochemical industry will prosper. Once someone can recycle lithium and precious metals in battery economically, thats the real game changer I think.
@kkirschkk5 жыл бұрын
@@ifanf also another quick thing, im sure a lot of oil workers will simply shift over to the PetroChemical industry, as i forsee a lot of the work on oil rigs being automated in the comming years as labor costs jump.
@ifanf5 жыл бұрын
@@kkirschkk yes, Schlumberger signed a deal with Rockwell. Field Engineer will be reduced
@ping80305 жыл бұрын
Welp. Don’t be so sure, lithium is also really limited.
@kevinaud64615 жыл бұрын
True but I wouldn't rule out the possibility of a break through in battery technology at some point in the next decade that solves that problem
@diegodelgado97645 жыл бұрын
Im going be the jd rockafeller of litium
@alexma15 жыл бұрын
At least lithium isn't thrown into atmosphere 88 million tons, a day.
@biggiejohn33605 жыл бұрын
Yes, but lithium is 100% recyclable
@kutbilukhadia27155 жыл бұрын
Sodium ion batteries is progressing fast
@Drivertilldeath6 жыл бұрын
If only there was a unlimited power source we could draw from..... no more oil greed. No more oil wars. Sun light and electricty = Best.
@rexhepnikqi39464 жыл бұрын
THIS IS GREAT THE END OF OIL. GET OUT WITH OIL. ELECTRIC WILL DOMANATE TRANSPORT.
@RubberSideDown24 жыл бұрын
And millions will lose their jobs and businesses etc will close. Lube shops, mechanics and auto part stores. Not enough demand to keep the doors open