"Batteries, in all their forms, are poised to deliver a severe bite to fossil fuel demand: coal and gas, because their intensive use for storing megawatt-hours will drastically reduce the operating hours of thermal power plants; and, even more sharply, oil, as vehicle electrification becomes widespread. The world is still in the early days of the electric vehicle, but the leading countries offer a powerful lesson with two common takeaways: the transition"
"In Norway, a global leader in this field and many others with an electric vehicle sales share approaching 100% of total car sales, fuel consumption has already begun to fall: gasoline and diesel use has dropped by 12% between 2021 and 2024. In China, the world's largest crude importer, where electric vehicles mostly cheaper than their combustion counterparts already make up half the market, demand is also showing clear signs of weakness: it has either already peaked,"
Batteries in diverse forms will sharply reduce fossil fuel demand by cutting the operating hours of thermal power plants and by displacing oil through vehicle electrification. Electric vehicle adoption is already reducing gasoline and diesel consumption in leading markets, with Norway cutting road fuel use by 12% between 2021 and 2024 and China showing signs of peaking demand. Electrification alone will trim global crude oil consumption by nearly 600,000 barrels per day this year. Global oil use divides into light transport, heavy transport (air, sea, trucks), and sectors where decarbonization will be slower. Sustainable fuels like SAF, methanol, and ammonia are technically mature for aviation and shipping.
Read at english.elpais.com
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