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Whilst China reduces it reliance on liquid fuel, there is still more work before EV's can replace ICE with the same service life. China has passed peak automotive fuel demand, with state-run refineries and service stations shutting down as the country accelerates its transition to electric transport. With EV penetration exceeding 50% in major cities, the demand for liquid fuel is declining, leading to a ripple effect on crude oil imports, refining capacity, and fuel retail networks. This shift is not just a response to electrification but also a reflection of broader economic challenges. While the average economic life of an EV remains at around 10 years—half that of a conventional internal combustion engine vehicle—the transition to electric power will significantly impact oil import costs and the balance of trade. The primary driver of an EV’s lifespan is battery range, with replacement costs often exceeding $14,000. By contrast, hybrid battery packs can be replaced for as little as $2,000, with a payback distance of around 30,000 km, while plug-in hybrids cost approximately $5,000 with a similar economic return. The lower range of affordable plug-in hybrids, typically around 45 km, covers 95% of suburban commutes, displacing the most inefficient fuel consumption. With crude and refined fuel imports making up roughly one-third of petrol pump prices, the shift to EVs and hybrids has profound implications for national trade balances and energy security. The rise of cheap Chinese EVs presents an opportunity to further reduce oil consumption, but concerns remain over built-in remote deactivation and their shorter economic lifespan. There is still significant work to be done before ICE vehicles can be entirely phased out. This transition presents both challenges and opportunities, particularly for nations like Australia, which must balance energy security, trade impacts, and long-term vehicle ownership costs. . Kanzhongguo also known as Vision Times, a Falun Gong-affiliated weekly newspaper is one of the few Chinese Language News Papers who are not known to affiliated with the CCP and produce the China Observer YouTube Videos on the state of the Chinese Economy, technology and current affairs. #EnergyTransition #EVRevolution #HybridVehicles #OilDemand #EconomicShift #TradeBalance #AutomotiveIndustry #EnergySecurity #SovereignCapability https://lnkd.in/g-edUFDw

Dave Mullaney offers an interesting take on fleet electrification. It got me thinking about how the ICE-to-EV transition is like the landline-to-cell phone transformation. A landline gives you phone call access; a cell phone gives you access to a myriad of resources, much as an EV fleet opens a new world of electricity options for commercial fleet owners that are not available via fossil-fuel vehicles. Smart fleet versus dumb fleet.

With the forecasted increase in bunker demand developing in parallel with the fuel mix towards emission-neutral fuels, there’s a pressing need for a timely and ambitious development of an adapted bunker fleet in German seaports, a new study concluded. #bunkering #shipping #alternativefuels #cleanfuels #germany

Our daily briefing (June 13)... Shipping will be among the last heavy industries to decarbonise, and maybe that’s okay, suggests green boss of digital shipping firm NAVTOR: https://lnkd.in/eBX7D69M The boxship allision that brought down a bridge in Baltimore in March of this year has reopened the debate on limitation of liability for shipowners in the US: https://lnkd.in/e75SEPCk Shippers concerned about the high levels of volatility in container shipping should be grateful they do not have to deal with that seen in other shipping sectors: https://lnkd.in/erdnt2Ep There is a non-negligible risk that AI becomes just another buzzword in the lexicon of failed IT projects. But DP World is confident that it may deliver the goods, literally: https://lnkd.in/es3hFUdM Don’t rely on China to be the future driver of global growth for liquefied natural gas, POTEN & PARTNERS’ Jason Feer told a London seminar: https://lnkd.in/eAt6vkqa The Panama Canal is again turning the taps on capacity starting next month against the backdrop of an easing drought, increased booking slots and rising maximum draft levels: https://lnkd.in/eBKyhJJ3 Containership values have risen by up to 30% since the beginning of the year as Red Sea diversions created a capacity crunch: https://lnkd.in/e63tix6G Oil capacity will surge in the next few years, leaving the world with a cushion not seen before outside of the Covid era: https://lnkd.in/ep3x2tAJ BW Group is to sell over a quarter of its stake in Navigator Holdings LLC on the open market, cashing out the investment at a premium: https://lnkd.in/ePJvwZBH A bulk carrier in the Red Sea has been struck by projectiles thought to be a drone and is reportedly taking on water: https://lnkd.in/eFsWW8xX The US has targeted Russia’s coal and LNG projects and associated logistics networks and providers across Russia, Türkiye and China as part of new sanctions: https://lnkd.in/etfn5guf New to Lloyd's List? Subscribe here: https://lnkd.in/gmaMwWu

This does not include all of the aid and assistance that Chinese companies have recieved in developing the supply chain for EV raw materials. Specifically the supply of critical minerals such as Co, Ni, graphite, and Li. From investments in mines, to refineries to PCAM and cell assembly. One can speculate that the number quoted here is perhaps the tip of the iceberg. That’s the difference in China. When they decide to support and build an industry, they throw a lot of capital behind in. It will be impossible for Western organizations to keep up relying on venture capital and private investment.

🚗⚡ China's EV Market is Thriving! Despite heavy U.S. tariffs, China's EV market share is soaring worldwide. Learn how strategic subsidies, access to critical minerals, and competitive pricing have positioned China as a global EV leader. 🌍🚘 📖 Read the latest exclusive article by Felicity Bradstock on SHALE Magazine! https://buff.ly/3VD7T0O #ElectricVehicles #ChinaEVMarket #EVInnovation #GlobalEnergy #Sustainability #AutomotiveIndustry #shalemagazine #enmedia #energymixxradioshow

Discussing the rare decline of China's refinery throughput as EVs have contributed to weakening demand - ' "Transport fuels demand barely grew and lower margins have seen gasoline and diesel exports losing steam in 2024, which has affected refinery runs," said analyst Mia Geng at consultancy FGE.' - in a recent Reuters article Read the full article here: https://fgner.gy/3PEmcip #China #EV #Gasoline #Diesel #OOTT

As the electric vehicle market works through the ramifications of new tariffs in the U.S., UK, and likely Canada, new concerns are also being raised about exploitation throughout EV supply chains.

[Facts & Figures Bust #Trade Myths] Did you know that: → #Canada is the leading trading partner of 34 #US states. → Automotive parts, including #batteries, cross the border up to 8 times before final assembly. → Every day, $3.6 billion of goods move between our two countries. With the rise of #electrification and the national #energy emergency called by Trump's administration, these exchanges are more strategic than ever. Get the full story and consult an interactive map via Canadian Chamber of Commerce → https://lnkd.in/g4y9Y-qq #EVs #graphite #battery #commerce

Ever noticed how eastbound container rates are like a sale at the supermarket, while westbound rates are more like buying snacks at the movie theater? 🍿🚢 Dive into the fascinating world of shipping costs hitting solar modules here: https://okt.to/dgVaql #solar #pandemic #frieghtcosts