Fossil fuel decline, though still nascent, is already hitting countries leading the electric vehicle boom like China and Norway

Thank god, we need some good news for once. I've been hoping, praying, and wishing on a star that the green energy revolution would pan out and we'd actually have a chance of getting our dependence on fossil fuels down; this seems like it could be one of the 1st meaningful landmarks on that journey.

Electrification, as an indisputable — and nearly sole, apart from demographics — driver of demand destruction, will reduce crude oil consumption by almost 600,000 barrels per day this year alone.

God America could have been getting in on this but we chose to be idiots instead.

600k barrels per day is about half a percentage point of global consumption. So there’s still a ways to go though.

It was an aside in the article but the mention of electric scooters being available in places like India and Vietnam is really cool. I imagine it'll improve air and noise pollution especially as they flow to the second-hand market and the lower running cost is available to more people.

I found Chetak and Ola as 2 available in India. I doubt they'd make much headway in North America as they'd require a special license while the average ebike is typically without license nor registration.

If you don't want to look them up they're generally 3-4kWh batteries with up to 13kW motors, top speeds of 120-140km/h and ranges from 130-250km; prices seemed to generally be 74,000 to 120,000 (or 1.2lakh) rupees or ~850-1400 US).