China, Demand For Gasoline Is Expected to Peak Next Year

[shocks]

"(Reuters) - China's demand for petrol is likely to peak as early as next year as electric vehicle sales soar, several analysts say, bringing forward an energy transition milestone for the world's biggest polluter and a headache for global refiners.

The International Energy Agency (IEA) and consultancy Rystad Energy have brought forward forecasts of China's peak gasoline demand by about a year to 2024, while Chinese state majors PetroChina and Sinopec see it in 2025."

Analysis-China's gasoline demand peak nears as EV boom hastens transition

China's demand for petrol is likely to peak as early as next year as electric vehicle sales soar, several analysts say, bringing forward an energy transition milestone for the world's biggest polluter and a headache for global refiners. The International Energy Agency (IEA) and consultancy...

finance.yahoo.com

Europe will follow quite quickly

Mwarabu ameanza kunyamba

 

[The.Black.Templar]

"(Reuters) - China's demand for petrol is likely to peak as early as next year as electric vehicle sales soar, several analysts say, bringing forward an energy transition milestone for the world's biggest polluter and a headache for global refiners.

The International Energy Agency (IEA) and consultancy Rystad Energy have brought forward forecasts of China's peak gasoline demand by about a year to 2024, while Chinese state majors PetroChina and Sinopec see it in 2025."

Analysis-China's gasoline demand peak nears as EV boom hastens transition

China's demand for petrol is likely to peak as early as next year as electric vehicle sales soar, several analysts say, bringing forward an energy transition milestone for the world's biggest polluter and a headache for global refiners. The International Energy Agency (IEA) and consultancy...

finance.yahoo.com

Europe will follow quite quickly

Mwarabu ameanza kunyamba

A give and take industry, this will see alot more demand for diesel generators to fuel the demand of electricity for the vehicles. Europe instead of shutting down coal fired electricity, they are reviving old ones, there has been an increased demand for coal.

 

[shocks]

A give and take industry, this will see alot more demand for diesel generators to fuel the demand of electricity for the vehicles. Europe instead of shutting down coal fired electricity, they are reviving old ones, there has been an increased demand for coal.

As long as coal haitoki kwa mwarabu, hii kushikwa balls na mwarabu ndio haileti shangwe, juzi wamesema sub US $ 80 per barrel is a no, pumbavu wao.
And no, diesel generators are also on their way out, pull up chart ya cost of batteries & solar panels over the last decade, then extrapolate over the next, mwarabu ameanza kunyamba!