Oil Demand for Cars Is Already Falling
The article tries quite hard to link the falling demand for oil to the emergence of electric vehicles. But looking at the reduction in half of the usage of gasoline in Italy, I see that basically all of it happened prior to 2013, long before Model 3 was a thing.I found this interesting site [1] where you can see the gasoline consumption for every country between 1991 and 2012. And all big EU countries I looked at (Germany, France, UK, Italy) exhibited a steep decline between 1999 an 2012. This can't have anything to do with electric vehicles. Most likely it's the continuous improvements in car efficiency.To check this I went to edmunds.com [2] and I compared the same car between the 2004 and 2018. Here's what I got for the highway mileage for 3 random cars (in all cases I looked at the most basic model):- Mazda 3: 2004: 29 mpg ; 2018: 37 mpg- Toyota Camry: 2004: 29 mpg; 2018: 39 mpg- Ford Explorer: 2004: 19 mpg; 2018: 23 mpgThat's an improvement between 21% and 34%. Not bad at all.[1] https://www.indexmundi.com/energy/?country=de&product=gasoli...[2] https://www.edmunds.com/mazda/3/2017/sedan/