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1 in 5 new car sales globally were EVs in 2023, and that's curbed oil demand – IEA (electrek.co)

submitted 8 months ago by boem@lemmy.world to c/technology@lemmy.world

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[–] workerONE@lemmy.world 51 points 8 months ago (3 children)

They'll lower production to introduce artificial scarcity.

[–] VirtualOdour@sh.itjust.works 29 points 8 months ago

Which is amazing news for the planet, they're greedy though so they'll probably try and keep it cheap enough to keep people using and maximize profit.

It's going to be interesting when a large enough portion of cars on the road are electric that gas stations start to lose enough business to thin out.

[–] kent_eh@lemmy.ca 13 points 8 months ago

They'll lower production to introduce artificial scarcity.

Just like they have done many times in the past.

[–] gorgori@lemmy.world 7 points 8 months ago

That's why we need to hit peak oil fast. It will be a definitive fuck you to oil.