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I beg to differ. There are already entire countries that started outright banning ice machines from much earlier than 2040: https://en.m.wikipedia.org/wiki/List
by tigershark 8y ago
I beg to differ.
There are already entire countries that started outright banning ice machines from much earlier than 2040:
https://en.m.wikipedia.org/wiki/List_of_countries_banning_fossil_fuel_vehicles https://en.m.wikipedia.org/wiki/List_of_countries_banning_fo...
India as an example of a growing market is banning them in 12 years, Germany as an example of the western world “capital of cars” the same.
These pledges were made well before Tesla model 3 was distrupting the market, and as noted there, Tesla may still be just a minority player if China picks up steam.
If things ramp up as fast as it seems we may still have an almost global ban by the 2030s and from there the oil industry is pretty much done.
The only showstopper for this scenario is the lithium availability and the alternative battery technologies viability, obviously.
- marsokod 8y agoThat is not what he said though. He said there would be demand for gas well into the 2040s, and since most (all?) these bans only concern new sales, it will take ~20 years after the bans to get rid of a majority of the ICEs. The oil industry already knows they will be done in the 40s. Their EUR (well estimated already 50 years ago) shows that growth will be extremely difficult past the 30s. They won't fight a ban on new sales except for the few who cannot diversify in other domains.