31 May '18, 10am

Is Norwegian oil demand finally peaking thanks to electric cars?

Is Norwegian oil demand finally peaking thanks to electric cars?

"UK electric car sales grow 366%" "Dutch plug-in car sales up 170% in April" "US plug-in car sales post highest ever month in March" OK, I admit it. It's easy to get carried away as a clean energy/electric transportation advocate. With all these headlines rolling in about record sales and growing numbers, we might be tempted to think the end of the oil age is already upon us. But it's important to remember a few caveats: 1) These high percentage growth rates are starting from a really low baseline 2) They are a percentage of new car sales, not overall cars on the road 3) They are usually based on monthly sales, so particularly high numbers may be based on anomalies—such as a new model hitting the market, or an incentive package soon disappearing 4) If everyone else is driving a giant tank, then any emissions savings are going to be offset by other people's consumption In N...

Full article: https://www.treehugger.com/cars/norwegian-oil-demand-fina...

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