INTEGRAL SOLUTION FROM E-MOBILITY
As the world moves towards the electrification of the transport sector, the demand for oil will be replaced by the demand for electricity.
To highlight the impact of EVs on oil consumption, we need to assess how much will be saved each day between 2015 and 2025 by various types of EVs.
HOW MUCH OIL DO ELECTRIC VEHICLES SAVE?
A standard combustion engine passenger vehicle in the US uses about 10 barrels of oil equivalent (BOE) per year.
A motorcycle uses 1, a Class 8 truck around 244, and a bus uses more than 276 BOE per year.
ELECTROMOBILITY
When these vehicles are electrified, the oil that their combustion engine counterparts would have used is no longer needed, displacing the demand for oil with electricity.
As of 2015, two- and three-wheeled vehicles, such as mopeds, scooters, and motorcycles, account for most of the oil saved from electric vehicles globally.
With widespread adoption in Asia specifically, these vehicles displaced demand for almost 675,000 barrels of oil per day in 2015.
By 2021, this number had grown rapidly to 1 million barrels per day.
“Let’s take a mental look at the commuting and oil demand in fossil fuel vehicles and the savings when going electric.”
ACTING TODAY
Today, while work is underway in the commercial vehicle segment, very few large trucks on the road are electric; however, this is expected to change by 2025.
Meanwhile, electric passenger vehicles have shown the largest growth in adoption since 2015.
In 2022, the electric car market experienced exponential growth, with sales of more than 10 million cars.
The market is expected to continue its strong growth throughout 2023 and beyond, eventually saving the projected 886,700 barrels of oil per day in 2025.
FROM GAS TO ELECTRIC
As the world switches from fossil fuels to electricity, Declining demand for oil does not necessarily equate to a drop in oil prices.
In the event that investments in new supply capacity decline faster than demand, oil prices could still remain volatile and high.
However, the shift towards electrification will likely have other implications.
“While most of us associate EVs with lower emissions, the truth is that they have zero direct emissions.”
It can be considered that the electricity used to charge them is not sustainable.
But that too is changing.
The shift towards electrification, then, presents an incredible opportunity to meet the growing demand for electricity with clean energy sources, such as wind, solar and bios.
CLEAN LOAD
By creating renewable self-generation charging stations, we obtain electrical interconnection nodes; from the peripheries to the capital centers.
This allows a rapid removal of fossil fuels in transport, which contributes to the reduction in cities directly and brings populations closer to highways. Through the main charging nodes established, an expanded infrastructure that will require the commitment of private companies and the support of the public sector in exemptions and spaces for use permits.
“EV charging stations, expanded transmission capacity and battery storage are key to supporting the large-scale transition from gas to electric.”
BUT THE SOLUTION IS NOT THERE
A company incubated in the United States and proven in parts of the world, it established standards with parameters of scope.
This allows for faster scalability of electric use and conversion from fossil to electric.
HOW DO YOU ACHIEVE IT?
Simple, they train under their method. The workforce guarantees the scalability of renewable projects that support electromobility routes and new concepts of multi-service charging stations.
This company proposes an end-to-end transition, for the purpose of balancing decarbonization and using direct climate offsets, as general liquidity to finance the change.
THE INNOVATIVE SOLUTION
This company proposes direct Climate Compensation from the companies fined for high emissions and obligations to reduce. BalGreen the company in question brings the Compensator (issuer) closer to renewable projects (suppliers) with established delivery to the grid.
FAST GROWTH
The framework agreement gains scalability with the clause to reinvest the money from the Compensators in 50% of the growth of renewable energies with established deadlines.
THE SCALABILITY METHOD
To obtain scalability, they provide training on “Installation and Maintenance of Solar Panels”, “Conversion of Fossil Motors to Electric” promoting the work of the future.
DIRECTED TRANSITION ROYALTIES
In this way, the cities that have compensation agreements in their limits, charge a rate to stimulate renewable practices and sustainable habits.
GOVERNMENT INCENTIVES
These rates must be applied 50% in Ciudad Solar (commercial name for the installation of photovoltaic energy in homes, through compensation earnings).
All this within the framework of self-generation and reduction of subsidies by the state, which saves (Win-Win Yes!).
“This way not only provides generalized savings, but also finds an easy way to reach sites flooded with services.”
INCENTIVE FOR THE PRIVATE
So it is that municipalities or governments agree to deliver land with use permission to private parties to create Mini Parks for the needs of companies and support the electromobility nodes.
OBJECTIVES OF THE MINI PARKS
Since this generation in mini parks, the self-generation of electromobility routes is supported, so important for oil companies and society in the energy transition.
Offering the possibility to private parties to obtain profits (Win-Win 2, Yes!).
To do this, the Mini Parks are transformed into self-generation energy plants, which support daily needs such as:
¹Charging station
²Coffee
³Gym
⁴Mini Market
⁵Restaurant
⁶Conversion and Maintenance Workshop
⁷Laundry room
⁸Hotels
⁹Pharmacy
¹⁰Parking
BALGREEN EFFICIENCY SYSTEM
Promotes the use of motor conversion training and panel placement to ensure available power for the low cost incentive for electric motor conversion.
SYNTHESIS:
The large investment funds and government agencies seem to have looked at the comprehensive solutions sector.
Thus, BalGreen proposes that risks be minimized and prices are reduced for the construction of the tangible transition, simultaneously providing benefits to both the public and private sectors.
CONCLUSION:
This is not only the comprehensive solution, but cities and companies begin to have an availability of accumulated reductions to trade in the stock markets, adding an attraction to investors looking for several X’s for their option portfolios.
Without a doubt this is the way!.
(Win-Win 3, Yes!).
AUTHOR:
DIEGO BALVERDE
ECONOMIST
EUROPEAN CENTRAL BANK & SENIOR ADVISOR AT GLG.
&
DELFINA FRERS CEO BALGREEN
