• Head_Crash@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    Oil companies are astroturfing hard right now. Battery manufacturing is making a huge dent in oil demand.

    Cheap batteries combined with IGBT inverter technology basically enable intermittent energy sources like wind and solar to be stored efficiently and at very low costs then sold at a premium when electricity demand is high.

    EV batteries tend to outlast the vehicles they’re put into, so if EV production ramps up the market will get flooded with cheap used batteries that can be repurposed for grid storage. Natural gas can’t compete with that on price.

    • sittingmongoose@alien.topB
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      It’s hilarious that in a thread about disinformation, there are folks spreading disinformation lol

      Oil demand is up year over year.

      The amount of EVs on the road barely registers on the demand for oil.

      Oil is used in the production of damn near every product on earth including EVs.

      Those big oil companies, have been investing in clean energy for 30 years now. They don’t care either way because they get money from clean energy and oil demand won’t disappear even if EVs are the dominate tech.

      Will EV tech eventually impact oil companies? Yes, of course it will, but we are not even remotely close to that reality yet.

      • PAJW@alien.topB
        link
        fedilink
        English
        arrow-up
        1
        ·
        1 year ago

        Insulated Gate Bipolar Transistor. It’s essentially a cheaper way to handle high voltages.

        Previous technology was commodity only up to around 200V.

        • UtahCyan@alien.topB
          link
          fedilink
          English
          arrow-up
          1
          ·
          1 year ago

          IGBTs are still used frequently in power electronics. Not sure what this person is going on about. They are cheap off the shelf components that are very durable and robust… Except when they are not, but that’s usually because of bad engineering around it.