(Bloomberg) -- From Tesla chargers in the ancient alleys that surround the Forbidden City in Beijing to lonely highway rest stops with charging posts in the western deserts, signs of the electrification of China’s transport fleet — and the demise of gasoline — are everywhere.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasNow, according to official s
Doubtful, total energy supply is going up, along with curb weight on Costco crawlers. If we don’t burn gas we’ll burn oil instead unfortunately
Edit: by total energy supply I mean we’ve consumed more energy in 2023 than any point in history, and also consumed more oil. It’s going up. Unequivocally up. Historically, energy use has outpaced population growth so China’s cars sound hopeful but everyone should be extremely skeptical that it’ll even make a dent against rampant consumerism in general. All that shit from Temu comes at a cost
Its going up, but the rate of change is going down. So yes, demand is still high, and the total amount of demand is increasing, it is increasing by a smaller amount each year. Here’s that demand growth/decline data for the oil sector.