As regular readers will know Boggart Blog (in all our four flavours) has always been sceptical of the narrative around the transition from Internal Combustion Engines to battery powered electric cars, which according to the hype produced zero polluting emissions, could travel forever on a single battery charge (OK, that's a slight exaggeration - well if you insist we admit its hyperbole but no more so than most of the claims made by politicians, scientists and the media for electric cars,) cost far less to run and were just better in every way. Yes even when the lithium battery spontaneously combusts, which they do more often than Spinal Tap drummers, they burned hotter and for longer than petroleum fuelled cars.
The problem is they don't do any of these things, except the last one about spontaneously combusting, which electric car advocates don't like to talk about but us sceptics are delighted to raise the point at every opportunity. Apart from that electric vehicles are not zero pollution, the electricity that drives them will continue for several decades at least, to be produced by burning fossil fuels, sustainable sources like wind and solar have shown they just can't hack it and net zero is an unrealistic pipe dream, nuclear faces the same hostility from the Green Blob as oil and gas and hydro triggers the 'Save The Two Toed Toad' brigade.
So with stories breaking almost every day of falling demand for EVs and holding depots overflowing with used ones because nobody wants to buy a second hand car and then have to stump up the same amount of money for a new battery pack, it was no surprise to learn that with two days to go (well a month actually, although it is 29 December, figure are only in to the end of November,) 2023 is on course to break the record for the highest Petrol and Diesel sales ever.
Record Global Gasoline Consumption Defies IEA Forecast (& EV Hype)
Authored by Tsvetana Paraskova via OilPrice.com,
Global gasoline consumption hit a record 26.9 million barrels per day (bpd) this year, exceeding the 2019 peak and defying estimates that the last pre-pandemic year was the time when gasoline demand worldwide would peak.
The data, reported by Bloomberg Opinion columnist Javier Blas, shows the latest figures from the International Energy Agency (IEA). The same agency, which has been strongly advocating for a faster energy transition for years, had predicted just this year that 2019 was the peak demand for gasoline globally.
Back in June, in its Oil 2023 annual report, the IEA said that “Growth is set to reverse after 2023 for gasoline and after 2026 for transport fuels overall.”
“Gasoline demand will be disproportionately impacted as EVs progressively replace vehicles with internal combustion engines (ICE),” the IEA said, adding that:
“This means that the fuel is likely to exhibit the earliest and most pronounced peak in demand.”
And it also said that “Usage will never return to 2019 levels and the post- pandemic peak could come as early as 2023. Following a brief plateau, the decline is forecast to accelerate from 2026 onwards.”
However, the IEA’s latest figures not only show that 2019 wasn’t the peak demand year for global gasoline consumption, but that demand in both 2023 and 2024 would surpass the pre-pandemic levels. ... Continue reading >>>
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