this post was submitted on 19 Jan 2026
651 points (97.5% liked)

Technology

78923 readers
2836 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
651
Trump Is Obsessed With Oil. But Chinese Batteries Will Soon Run the World (www.nytimes.com)
submitted 1 day ago by UnderpantsWeevil@lemmy.world to c/technology@lemmy.world
170 comments fedilink hide all child comments
 

Chinese technology companies are paving the way for a world that will be powered by electric motors rather than gas-guzzling engines. It is a decisively 21st-century approach not just to solve its own energy problems, but also to sell batteries and other electric products to everyone else. Canada is its newest buyer of EVs; in a rebuke of Mr. Trump, its prime minister, Mark Carney, lowered tariffs on the cars as part of a new trade deal.

Though Americans have been slow to embrace electric vehicles, Chinese households have learned to love them. In 2025, 54 percent of new cars sold in China were either battery-powered or plug-in hybrids. That is a big reason that the country’s oil consumption is on track to peak in 2027, according to forecasts from the International Energy Agency. And Chinese E.V makers are setting records — whether it’s BYD’s sales (besting Tesla by battery-powered vehicles sold for the first time last year) or Xiaomi’s speed (its cars are setting records at major racetracks like Nürburgring in Germany).

you are viewing a single comment's thread
view the rest of the comments
[–] redditmademedoit@piefed.zip 3 points 1 day ago (1 children)

As far as I'm aware peak oil production has not been recognized to have happened yet.

Over the last century, many predictions of peak oil timing have been made, often later proven incorrect due to increased extraction rates.[9] M. King Hubbert introduced comprehensive modeling of peak oil in a 1956 paper, predicting U.S. production would peak between 1965 and 1971; his global peak oil predictions were predictive through the 1990s and 2000s but eventually were deemed premature due to improved drilling technology.[10] Current forecasts for the year of peak oil range from 2028 to 2050.[11] These estimates depend on future economic trends, technological advances, and efforts to mitigate climate change.[8][12][13] Peak oil, Wikipedia

It is still assumed that global oil consumption scales with economic growth and under 2025 consumption increased.

Global liquid fuels consumption increased by an estimated 1.2 million b/d in 2025 and is forecast to increase by 1.1 million b/d in 2026 and 1.3 million b/d in 2027. Consumption growth rises next year as global economic activity picks up pace. Based on forecasts from Oxford Economics, our forecast assumes global GDP will grow by 3.1% this year and 3.3% in 2027. Short-Term Energy Outlook, EIA (U.S. government)

[–] thisorthatorwhatever@lemmy.world 2 points 13 hours ago

Consumption is still growing, but the 'oil' in Venezuela is just tar, the 'oil' in the United States come from fracking. The days of sweet crude are behind us.