Michal Meidan Says Electric Vehicles Are Here to Stay

The video discusses the growing addiction to batteries and electric vehicles (EVs), highlighting their impact on oil demand. Despite significant EV sales in China, traditional gasoline vehicles still dominate. The video explores battery chemistry, focusing on cobalt and its trade dynamics, particularly in China. It also examines China's infrastructure changes and strategic shift towards EVs, aiming to lead in technology and localize supply chains. The discussion concludes with an analysis of oil demand in Asia, noting that peak demand is still distant despite EV growth.

What is the current impact of electric vehicles on global oil demand?

• They have no impact on oil demand.

• They are still a small fraction compared to gasoline vehicles.

• They have significantly reduced oil demand.

• They have completely replaced traditional vehicles.

Why is cobalt important in the context of electric vehicles?

• It is used in the production of gasoline.

• It is a key component in battery chemistry.

• It is a substitute for lithium in batteries.

• It is used to manufacture vehicle frames.

How are trade flows expected to change with the rise of electric vehicles?

• They will focus on traditional vehicle parts.

• They will remain the same.

• They will shift towards regions with abundant oil.

• They will shift towards regions with battery mineral resources.

What is one of China's goals in upgrading its technological capacity?

• To dominate the global oil market.

• To become a leader in traditional vehicle manufacturing.

• To lead in the next phase of electric vehicles.

• To reduce its technological advancements.

What is the current status of oil demand in China and other Asian economies?

• They have completely shifted to renewable energy.

• They have reached peak oil demand.

• They have no oil demand.

• They are far from reaching peak oil demand.