To electrify the world’s transport


Oil is in trouble

Our world faces interlinked and intractable transport challenges

Oil supply is in natural decline – we passed the point of ‘Peak Oil’ in 2020
Demand for power continues to rise
Carbon emissions are harmful to the environment
Our climate is changing around us

Our current oil-based fuels harm the environment

They increase carbon emissions and contribute to climate change

Exhaust pipes* release soot, which is a major driver of global warming, into the atmosphere

Oil is in any case a finite resource – and is running low

Global oil production is under pressure while demand continues to rise
The resulting ‘Supply Gap’ means we are now running down strategic reserves of oil
Diesel and petrol prices are therefore on a rising trend with industry insiders warning the oil price could hit USD200 per barrel (three times the current level) during 2023 – see:

Petrol and diesel are no longer the answer

The cycle of oil discovery and exploitation is not sustainable – existing reserves are being run down while new reserves are becoming scarcer and less economic
In the meantime – global demand continues to grow inexorably while climate and environmental degradation become ever more acute

And, yet, we still depend on oil for our transport needs

Our society is critically dependent on petrol and diesel for passenger, commercial and industrial transport
Without affordable petrol and diesel we would have no personal mobility, delivery of food and consumer goods to the shops would cease, and industrial supply chains would freeze up
Transport consumes huge quantities of petrol and diesel while extracting only a modest portion of the fuel’s total energy value
Indicative fuel consumption for different kinds of vehicle is shown below

Vehicle Type Fuel Indicative Consumption
    litres/100 km mpg – UK mpg – US
Mid-sized family car petrol 8 35 29
Light commercial van diesel 11 26 21
Heavy industrial truck diesel 30 plus up to 9.5 up to 8

We’ve already got a climate crisis and now have a looming oil crisis too

The collision of rising energy demand, declining oil reserves, rising fuel prices and accelerating climate change is taking us to the edge
A 50% increase in the cost of fuel (from prices current in August 2021) would see prices rise as shown below:

  • In Australia to around AUD2.30 per litre for petrol and close to AUD2.20 per litre for diesel
  • In the UK close to GBP2.00 per litre (GBP9.00 per imperial gallon) for both petrol and diesel
  • Even in the US to around USD1.40 per litre (USD5.30 per US gallon) for petrol and not much less for diesel

Put another way –  this increases the fuel bill for a heavy commercial vehicle driving from Sydney to Brisbane or Melbourne by AUD1,000.
Fuel price increases of 50% pale into insignificance if, as some industry insiders are predicting*, oil prices go to over USD100 (or higher) per barrel* – see links under ‘Oil is a finite resource – and is running low’.
The transport system as we know it starts to grind to a halt when oil prices go over $150/barrel.