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If Australia switched to EVs, wed be more reliant on Chinas car factories but wean ourselves off foreign oil
2025-04-24 09:45:02| Spiritual Career Counseling
Australia has huge reserves of coal and gas but very little oil. Before the 20th century, this didnt matter trains ran on local coal. But as cars and trucks have come to dominate, Australia has become more and more reliant on imported oil. Imports now account for around 80% of total refined fuel consumption, the highest level on record. If the flow of oil stopped due to war or economic instability, Australia would have about 54 days worth in storage before we ran out. That would be a huge problem.But as more drivers switch from petrol and diesel to electric cars, this equation will change. We can already see this in China, where a rapid uptake of electric vehicles has seen oil demand begin to fall.On one level, ending Australias dependence on foreign oil makes sense at a time of great geopolitical uncertainty. But on the other, going electric would lead to more reliance on China, now the worlds largest manufacturer of EVs.Reducing reliance on oil makes clear sense for climate an...
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