China's Electric Cars Challenge The Global Industry: Gasoline Demand Could Plummet Up To 5% Per Year By 2030, Transforming The Fuel Market Forever!

China’s Electric Cars Challenge The Global Industry: Gasoline Demand Could Plummet Up To 5% Per Year By 2030, Transforming The Fuel Market Forever!

Written by Valdemar Medeiros

Published on 01/12/2024 at 07:22

Foto: Carros elétricos da China/idogram

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Electric Cars From China Keep Emerging In All Markets And This Could Directly Impact Fuel Sales. Gasoline May See Historic Decline By 2030.

The production of electric cars in China continues to grow at full speed. The country is already the world’s leading producer of electrified models, and the forecast is that it can further strengthen this position in the coming months. However, the boom of this electric car market in China may generate unexpected effects, especially for those who consume fuels. In this article, we will detail the impacts of electric vehicles on gasoline consumption.

Gasoline Consumption May Decline By 4% To 5%

One of the impacts of electric cars from China is the sharp decline in demand for fossil fuels. Within China itself, for example, projections indicate a decrease in gasoline consumption of between 4% and 5% per year until 2030, a more pronounced reduction than expected. The transportation sector, which accounts for about 25% of oil demand in China, has already begun to show signs of contraction.

According to the International Energy Agency (IEA), gasoline consumption will reach its peak this year and will enter a decline starting in 2025. One explanation for this scenario is the growing popularity of electric cars from China. Subsidies implemented over a decade ago by the Chinese government have allowed automakers to increase the production of EVs and reduce costs.

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Decline In Fuel Use May Reduce Key Support Pillars

The expected future scenario regarding fuels generates some fear. This is because China is responsible for nearly 20% of global oil demand and plays a crucial role in balancing the market. The decline in gasoline consumption, exacerbated by the country’s slower economic growth, threatens to reduce one of the main pillars of global oil demand support.

Additionally, the growing popularity of electric trucks and liquefied natural gas (LNG) also pressures the consumption of fuels like diesel, which peaked in 2019 and is expected to decline by 3% to 5% per year until 2030. Meanwhile, in the United States, gasoline consumption has only dropped by 12% since 2004. In Europe, the reduction was only 5% since 2007, according to Bloomberg information.

How Do Electric Cars From China Impact Brazil?

In recent years, China’s electric car market has stood out as the largest and most competitive in the world. With dozens of brands and models being regularly launched, manufacturers are in a fierce race to gain market share in this expanding sector.

However, in Brazil, the use of fuels continues to grow. Evidence of this is that diesel sales by distributors in Brazil increased by 4.2% in the first half of the year compared to the same period in 2023, reaching a record of 5.66 billion liters, according to data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

However, gasoline sales by distributors in Brazil saw a decrease of 7.4% in the first half of the year compared to the same period in 2023, totaling 21.4 billion liters, due to less competitiveness of the fossil fuel against ethanol. Meanwhile, the sales of hydrated ethanol, a direct competitor to gasoline at the pumps, grew by 50.3% in the first half compared to the same period last year, reaching 10.4 billion liters.

China’s Electric Cars Challenge The Global Industry: Gasoline Demand Could Plummet Up To 5% Per Year By 2030, Transforming The Fuel Market Forever!

Electric Cars From China Keep Emerging In All Markets And This Could Directly Impact Fuel Sales. Gasoline May See Historic Decline By 2030.

Gasoline Consumption May Decline By 4% To 5%

Decline In Fuel Use May Reduce Key Support Pillars

How Do Electric Cars From China Impact Brazil?

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Virginia engineers transform 100,000 tons of demolished concrete from the Hampton Roads bridge into artificial reefs in the Chesapeake Bay, turning the debris from a mega-construction project into marine shelter while the old structure was still being dismantled.

Brazil gets its first ultra-fast 480 kW charger for electric cars, serving up to four vehicles at the same time and promising a charge from 10% to 80% in about 15 minutes.

Egypt built an entire capital from scratch in the middle of the desert, with the tallest tower in Africa and the largest cathedral in the Middle East, to relieve Cairo of the burden of more than twenty million people.

The end of Japan? Population is disappearing, country loses more than 3 million inhabitants in just five years and birth rate falls for the tenth consecutive year, raising alarm about demographic collapse and lack of workers.

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China’s Electric Cars Challenge The Global Industry: Gasoline Demand Could Plummet Up To 5% Per Year By 2030, Transforming The Fuel Market Forever!

Electric Cars From China Keep Emerging In All Markets And This Could Directly Impact Fuel Sales. Gasoline May See Historic Decline By 2030.

Gasoline Consumption May Decline By 4% To 5%

Decline In Fuel Use May Reduce Key Support Pillars

How Do Electric Cars From China Impact Brazil?

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Brazil gets its first ultra-fast 480 kW charger for electric cars, serving up to four vehicles at the same time and promising a charge from 10% to 80% in about 15 minutes.

Forget the Toyota Hilux: with a 2.0 turbo engine and 475 hp, the new BYD Shark Performance tows 3,500 kg, accelerates in 5.5 seconds, and addresses historical criticism, but loses load capacity and surprises even medium pickup truck owners.

New Honda City with a hybrid engine of up to 126 hp features a sporty RS look, 10-inch screen, 360° camera, new wheels, and a price equivalent to R$ 129,000 before the official debut in Brazil in August.

No automatic car: Renault Niagara 2027 will have a manual version for work, 1.3 turbo flex engine with up to 163 hp, 4×4 options, EDC transmission in the expensive versions, six airbags, and ADAS package to compete with Fiat Toro in Brazil.

BYD prepares to bring intelligent driving technology to Brazil in 2027 and promises to equip cars sold in the country with features that assist drivers in driving, parking, and handling traffic more safely.

Virginia engineers transform 100,000 tons of demolished concrete from the Hampton Roads bridge into artificial reefs in the Chesapeake Bay, turning the debris from a mega-construction project into marine shelter while the old structure was still being dismantled.

Brazil gets its first ultra-fast 480 kW charger for electric cars, serving up to four vehicles at the same time and promising a charge from 10% to 80% in about 15 minutes.

Egypt built an entire capital from scratch in the middle of the desert, with the tallest tower in Africa and the largest cathedral in the Middle East, to relieve Cairo of the burden of more than twenty million people.

The end of Japan? Population is disappearing, country loses more than 3 million inhabitants in just five years and birth rate falls for the tenth consecutive year, raising alarm about demographic collapse and lack of workers.

China surprises the world by inaugurating a new era: the country will create a “digital ID” for 28,000 humanoid robots from 100 manufacturers, while machines capable of cooking, doing laundry, and caring for the elderly begin free domestic testing in 2027.