We still have never recovered to electricity prices pre-Covid, and that's despite very little growth in energy intensive industries since then. If I look at the US, then we should also expect any serious datacenter push in EU to also be powered by dirty stuff for expediency's sake.
>China destroyed oil import demand by an amount the UK imports annually in less than six months with rapid EV uptake
China has been working on EVs for like 15 years, we still have German manufacturers begging for exemptions on ICE phaseouts right now. At some point we just need to be honest and say that the Great (EV) Leap Forward won't happen and it will take like 10 years to get there.
I can bet that if in 2 years for some reason oil crashes to 30 USD we will have consumer protection orgs arguing for further extensions on ICE cars "to fight inflation" or something.
>China destroyed oil import demand by an amount the UK imports annually in less than six months with rapid EV uptake
China has been working on EVs for like 15 years, we still have German manufacturers begging for exemptions on ICE phaseouts right now. At some point we just need to be honest and say that the Great (EV) Leap Forward won't happen and it will take like 10 years to get there.
I can bet that if in 2 years for some reason oil crashes to 30 USD we will have consumer protection orgs arguing for further extensions on ICE cars "to fight inflation" or something.