123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Is Energy Market In A Commodity Bubble, Or Are Fundamentals Supporting Prices?

Profile Picture
By Author: John Smith
Total Articles: 3
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Electric vehicles are gaining popularity worldwide as they have evolved technologically to offer better range at competitive prices without compromising on looks or features. Interestingly, the first electric car dates back to the 1800s and first operational electric car made its debut in the United States in 1890. Despite an early start, EVs could not capture the global transport segment in a meaningful way.
The point here is that even after 200 years, we could not get rid of our dependance on fossils fuels. Deep down, we all love the roaring sound of the gas guzzling engines producing enough horsepower to accelerate the car from 0 to 100 km/h in few seconds.

However, over the past decade or so, the acceptance of EVs is gaining momentum. Europeans are taking lead in promoting battery-operated vehicles. China is also making serious efforts to develop faster and efficient EVs backed by reliable battery technology.

According to the data published in Resources and Energy Quarterly June edition, the sales of EVs jumped 126% on Y-o-Y basis during the March quarter. Nearly 3 million units were sold in 2020 and ...
... 4.4 million are forecasted for the year 2021. By the end of 2030, the demand for EVs is anticipated to be around 26 million units.

So, the big question is- Does increase in the sales of EVs marks the end of crude oil era? https://kalkinemedia.com/news/commodities/is-energy-market-in-a-commodity-bubble-or-are-fundamentals-supporting-prices
The answer is No! The demand for crude oil is not going to be depleted soon. Liquid hydrocarbons are major raw material for numerous industries with the transportation sector being the largest consumer of gasoline and diesel. Even though EVs are gaining traction, it should be noted that most of the countries are still far from developing infrastructure to support the plug-in system.

More About the Author

Financial Investor. Follow all stock related latest https://kalkinemedia.com/au/

Total Views: 246Word Count: 288See All articles From Author

Add Comment

Investing / Finance Articles

1. Finsta: Simplifying Finance With Smart Loan Management Software
Author: Ojeshwanigyb31

2. Direct Lender Installment Loans For Life’s Big Moments
Author: Novlik

3. Why Hiring An Sme Ipo Consultant Is Critical For Your Company’s Successful Listing
Author: IPO Consultant

4. $500 Cash Advance No Credit Check
Author: Easy Payday Lenders

5. Why You Should Consult A Pension Advisor In The Uk
Author: Financeadvisors

6. Fixed Vs Floating Rates: Smarter Housing Loans In Hyderabad
Author: anilsinhaanni

7. See Beyond: Master The Markets With Expert Online Stock Market Training
Author: seebeyond

8. Stock Market Advisory: How To Identify The Best Stock Advisory For Smart Investments
Author: SandeepS

9. Bridging Loans Finance Lenders For Amazing Experience
Author: Bull Venture Capital

10. Private Health Insurance Providers In The Uk: A Comprehensive Guide
Author: Financeadvisors

11. Equity Release: A Guide To Releasing Equity From Your House
Author: Financeadvisors

12. Do I Need A Financial Advisor To Withdraw My Pension In The Uk?
Author: FinanceadvisorsUK

13. Financial Planning Strategies For Digital Creators
Author: George Ivan

14. Fix And Flip Financing: The Bottom Line
Author: Bull Venture Capital

15. Top Tips To Choose The Right Equity Release Plan
Author: Financeadvisors

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: