Shift toward EVs, particularly in China, could disrupt global oil market, energy report says

Less oil consumed means lower prices.

More disruption please!

I agree with kurisupisu, bring on the disruption!

The clean energy expansion, however, is happening alongside a rise in demand for electricity, including power produced by burning coal, according to the IEA. "This has meant that even as we saw record growth in clean energy installations and additions, emissions kept increasing,”

Shouldn't call it clean energy installations if it contributes to increased emissions

As long as they are kept in China. No one can know what the carbon footprint or labor issues of the product manufacturing is..

oh no the poor oil companies!

It is good for the earth. why not??

Less oil consumed means lower prices.

Do you really think so? The exact contrary will happen. Of course, it means heavily rising prices, because all the rich oil owners and the related countries at least want the same or better let's say steadily rising money income, completely regardless of how much or if any oil is sold. Compare it with your own electricity bill. You may of course and for environmental reasons you are even encouraged to try to save power and save gas at home, but if you really successfully do that, the energy providing companies of course raise your average kW price for electricity or m3 price for gas. They have all finally to somehow feed company staff's mouths and to fill shareholders' profit pockets too.

Isn't that what EVs are supposed to do, reduce dependance on and consumption of oil?

What a joke if electricity comes from fossil fuels...

And how solar panels and windmills and all minerals needed are built and taken from the ground ?

Do you think the infinite energy cycle is already on-going ?

So far from the truth outside the peak oil will happen one day, and each decade specislists say it will happen during the next.

Right, except large power plants are much more efficient in using any fuel source than small ICE engine in a car. Keep trying.

What a joke if electricity comes from fossil fuels...

Lower oil prices will make it harder for Putin to fund his invasion of Ukraine, since Russia is basically a one commodity economy.

However, an increase in the number of EVs in China will not necessarily help clean up the atmosphere, since China gets a large fraction of its electricity from burning coal. Powering EVs by burning coal may actually be worse than powering cars with petroleum.

The most industrial-scale power generation there is, the more likely China will have less smog. Look at almost any photo or video of China and you'll see smog.

Power generation in China is mostly from coal power plants. They do have solar, wind, and nuclear at well. This is one area where having an authoritative govt that can mandate things is will get more results than liberal democracies can. The govt chooses for all people what they must do.

The TL;DR numbers:

35% from "clean energy" (hydroelectric, solar, wind)

65% from "fossil fuels" (oil, gas, coal)

However, when China puts their goal for increasing or reducing something, it generally happens for existing technologies.

China has a goal of 30% solar+wind for power generation by 2030. It is double the current amount. That's VERY impressive.

Hopefully, they will have a recycling method for their domestic junk EVs too. Hundreds of thousands were built with govt subsidies and never used. Of course, in China, they don't have the same safety standards that Europe and N. America mandate. https://www.voanews.com/a/eu-backs-tariffs-on-chinese-evs-despite-concerns-about-chinese-retaliation/7810643.html shows a photo of thousands of EVs parked in China. Parked is a nice way of saying "abandoned" when they stopped working.

As for coal being used to generate electricity - there are methods for industrial coal generators to reduce emissions over 90%. That's mostly SO₂ being scrubbed. SO₂ is what causes acid rain. Of course, those aren't mandated in China. At least not yet. Eventually, they will come around to doing it, but not in the next 10 yrs.

The contours of switching heating, vehicles and some industry over to electricity, it said, are beginning to become clear.

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gaijintravellerToday 11:03 am JST

Isn't that what EVs are supposed to do, reduce dependance on and consumption of oil?

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Less pollution from cars as EV are forced unto people.

( name one 10 year old EV that can do 400 MILES (640 km) without recharging. Your be hard to name a brand new EV that could do that. There is plenty of OLD and new petrol/diesel cars that can do that.)

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Unless the governments of the world give out free EVs to everyone, EV take up will be far slower than what is wanted by the governments.

Even if there was enough 2nd hand EVs on the market to buy. They are far too expensive for most car users to buy.

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Without a infrastructure capable of charging EV cars fast, i will stick to my diesel. I would change to a Hybrid. as it would still give me the ability to do long journeys without worrying about where the next EV power point is.

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To power the ever increasing EVs, Ai's and other increased power demands requires more power stations.

Wind and solar are good, WHEN there is wind and light for them.

Current coal, oil and gas fueled power stations will be needed for some time to come, to help keep the EV, etc going.

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Car, lorry pollution is being moved off the streets to fossil fueled power stations. Which will need to be kept running to help with the increase of EVs, etc.

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Until EVs range is closer to a petrol/diesel car range and their prices comes down to where they can be purchased by us commoners. Their demand will be less than combustion vehicles

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EVs in China are far cheaper than in europe, USA, etc.

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To prevent the europe market from being flooded by cheap EVs, the eu is slapping tariffs on them to match eu EV car prices.

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If the EVs here were the same price as China, then the availability of 2nd hand EVs in the future would be there.

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I can afford to replace my car (if i wanted to) but not with a EV, as they are out of my price range, short ranged compared to my diesel and hardly any charging stations with more than 3 charging points.

I think there is 5 charging stations (with 2 to 5 chargers) within 15 miles (24 km) of my home.

Not sure if any are high speed chargers.

In many Chinese cities, only EVs are allowed inside the city limits. If you want to go by personal vehicle into a city, you'll need an EV. You'll also need tags and a parking place which are often 40% of the total cost of a car in China. The price of the car isn't the only cost to purchase one, but Chinese people never talk about that.

My license plate is $20. I don't need proof of a parking place to own the car, but I do need proof of liability insurance - and if we get a loan for the vehicle, most loan contracts will require replacement cost policies. I don't know much about those. I've only had 1 car loan in my life and that was 30 yrs ago. The cost of insurance is dependent on location which is what matters most for insurance premiums, next to age of the owner/driver. Poorer people, those without much to lose or be sued over, usually only have the minimal amount of insurance. People with assets tend to get more insurance to prevent a little accident with a tractor trailer carrying $500K of equipment from destroying their financial life.