I like Lemmy. But I don't like that I've seen this same article about a hundred times this week in every possible community, with multiples in some.
this post was submitted on 19 Nov 2023
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I love this. Big oil is about to become big lithium. 🙃 Capitalism gonna capitalize.
Evolve or perish
Exxon is already announcing lithium mining in Alabama.
This is the best summary I could come up with:
But it’s more than that—they are actually displacing four times as much demand for oil as all the world’s electric cars at present, due to their staggering uptake in China and other nations where mopeds are a common form of transport.
Their batteries make them heavier than a traditional car and draw heavily on the extraction of rare earth elements.
Smaller electric options like scooters and skateboards also offer a way to overcome the last kilometer problem that plagues public transport systems.
A study of e-scooter riders in the United Kingdom found these trips produced up to 45 percent less carbon dioxide than alternatives.
Global oil demand is now projected to peak in 2028 at 105.7 million barrels per day—and then begin to fall, according to the International Energy Agency.
If you live in an outer suburb or regional towns, you may find the longer range and larger capacity of an electric car is better suited.
The original article contains 922 words, the summary contains 156 words. Saved 83%. I'm a bot and I'm open source!
Feel free to check out !micromobility@lemmy.world if you're interested in ebikes or other personal transportation like scooters, bicycles, whatever floats your goat!