Comment on World EV Sales Now Equal 18% Of World Auto Sales

<- View Parent
GeekyNerdyNerd@sh.itjust.works ⁨8⁩ ⁨months⁩ ago

It takes a while for various other industries to shift away from burning oil and gas, but when that happens the oil industry will be totally screwed.

I’m not so sure that they’d be necessarily screwed even then, I think it will depend upon what direction plastic demand and plastic production goes in. The majority of plastics still need to be made from petrochemicals, and the majority of plastics have to be virgin simply due to the inherent limitations on their recyclability.

Sure, the industry won’t be as large as today but unless we see bioplastics completely replace petrochemical plastics or simply see plastics completely abandoned (that’ll never happen, plastics are simply too useful to ditch entirely.) It will still exist in some form simply because it will be necessary for plastic production.

source
Sort:hotnewtop