Thursday, July 25, 2024

Petrol will be 'super cheap' in a few years – electric cars are to blame

In a few years, there may be so few drivers in petrol cars that the fossil fuel may be difficult to dispose of, new analysis predicts.

– As a result of efficiencies and the increased popularity of electric cars, petrol in particular will become relatively cheaper.

The statement from the International Energy Council – Director Fatih Birol in a new analysis is so accurate.

The report behind the analysis points out that the capacity to pump crude oil out of the ground is growing faster than demand. Therefore, in just a few years the world will be in a situation where there is a surplus of petrol and diesel.

In 2030, the International Energy Council expects that up to eight million tonnes of crude oil – which is used to make diesel and petrol – will be 'overproduced' per day.

READ ALSO: Family wants to sell one of the world's most famous racetracks

The announcement stands in stark contrast to other interpretations of the future price of diesel and petrol. Some believe that the EU's new quota system for CO2 emissions will mean that fossil fuel costs up to DKK 26 per litre.

At home, the government expects, among other things, that the quota system alone will cause petrol to rise by DKK 1.17 per litre, while diesel will become DKK 1.09 more expensive per litre. litres. On top of that must be added Denmark's own tax increases.

One of them already exists per 1 January 2025 and raises the diesel price significantly. In addition, business is affected by a so-called kilometer tax. Read more about it here .

Back at the International Energy Council, it is already expected to see an effect of the 'too high petrol supply' in 2025.

– As a result of efficiency improvements and the increased popularity of electric cars compared to cars with internal combustion engines, fuels, and especially petrol, will become more readily available and relatively cheaper, the report reads.

The report emphasizes, however, that it can take up to 5 years, because the oil companies have a real surplus of petrol and diesel.

At the same time, several car brands are currently announcing that they regret the goal of only building electric cars. Among other things. has Ford regretted the decision in Europe. Read more about it here .

Read more exciting news from and about the world of cars right here!

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