


Data from countries with an overwhelming percentage of electric vehicle sales are showing the Left’s policies that seek to eliminate the reliance on oil to be “flawed.”
“Policymakers are counting on electric vehicles to replace the traditional combustion engine and eliminate oil demand,” industry expert Dan Eberhart recently noted. “But they desperately need a lesson in how the energy transition is playing out.”
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Eberhart, who is the CEO of Canary, LLC, pointed to countries such as Norway, which is on pace to make 100% of its car sales be electric vehicles by 2025, yet the Scandinavian country is still strongly holding on to its gasoline and diesel consumption.
For the first half of 2023, fuel sales in Norway stayed at around 62,000 barrels per day, showing only a 10% drop from the 70,000 sold during the country’s EV boom from 2017 to 2019, according to Statistics Norway.
Eberhart noted that regardless of the number of EVs sold, fuel-powered vehicles will remain on the road.
“A big reason oil demand has stayed strong in Norway is that, despite the high penetration of EVs in total car sales, the EV fleet of less than 500,000 still pales to the overall fleet of nearly 3 million vehicles,” Eberhart said. “That means there are still a lot of gasoline- and diesel-powered cars on the road.”
Eberhart warned that Norway’s situation is likely to be mirrored across the globe despite policymakers' desire to push for electric vehicles.
“That is why the Biden administration mustn’t steer America away from continued investment in our vast domestic oil and gas resources,” he said. “Biden seems to think that EVs will instantly decarbonize the U.S. economy.”
“But as Norway shows, this logic is flawed,” Eberhart continued. “The U.S. and global economies will continue to need oil products for decades.”
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The Biden administration has touted its plan to implement a ban on fuel-powered vehicles by 2032.
Last year, President Joe Biden awarded $2.8 billion in new Department of Energy grants for projects meant to boost America's transition to electric vehicles.