Spain Bans Combustion Engines by 2040 & All Old Cars by 2050

 

Posted May 14, 2021 by Martin Armstrong

The Spanish parliament has passed an energy transition law to achieve climate neutrality by 2050. “As of today, Spain has a climate law on the basis of which it can resolutely build a green, sustainable, just future with prosperity for all,” said Spain’s Prime Minister Pedro Sánchez on Thursday’s parliamentary vote on Twitter. A central point of the law is a ban on the sale of vehicles with climate-damaging internal combustion engines from 2040.

Worse still, all combustion engine cars will be banned from even driving after2050. By 2023 at the latest, all Spanish cities with more than 50,000 inhabitants must set up zones in which the traffic of particularly climate-damaging vehicles are restricted.

Spain’s greenhouse gas emissions are to be reduced by at least 23% by 2030 compared to 1990 levels. To this end, the share of renewable energies in the country’s total energy supply is to increase to 42% by 2030 and to at least 74% in electricity production. The climate law that has now been passed is intended to ensure that Spain does its part to make the European Union CO2-neutral by 2050. Madrid had already committed itself to the EU in January 2020 with the aim of a 23% greenhouse gas reduction by 2030.

Meanwhile, the entire EU has raised the requirement from a reduction in greenhouse gas emissions of 40% by 2030, to 55%. However, the agreement has yet to be put into effect. For environmentalists, Spain’s new climate law doesn’t go far enough as they are demanding. Greenpeace has criticized this new law as “insufficient” for the fulfillment of the Paris Climate Protection Agreement. The Spanish Environment Minister Teresa Ribera spoke on Twitter of an “indispensable law to build on”. At the same time, she admitted that Spain should have passed such a law “ten years ago”.

The Problem with Cold & Electric Cars

Posted Feb 3, 2019 by Martin Armstrong

Everyone who ran out and bought an electric car has suddenly discovered that when it get cold, the battery will lose on average 20-25% of its charge. The idea that electric cars will replace fossil fuels is really a dream. That will work in warm territories, but when it gets cold, they will require more energy production to service them. This comes at a time when power plants also have increased demand to keep people warm. Even a heat-pump, which runs on electric, will stop putting out heat when the temperature drops to 40f of lower.

If we are indeed going to move to electric cars, then with a new cold-age approaching, the need to generate more power in winter will present problems nobody considered on the planning board.

Categories: Climate, Technology 

The Overlooked Cost of Electric Cars by EU Gov’t

Posted Aug 25, 2017 by Martin Armstrong

Governments first imposed taxes on alcohol and cigarettes under the claim that they were trying to make people stop for their own good. But as always, as the governments became addicted themselves to the tax revenue. Now they have taken the same theory and applied it to tax soft drinks in Philadelphia naturally because they care and are trying to prevent people from drinking too much sugar. New York State has tried to them impose a tax on  electronic cigarettes,  where the Democratic Governor Andrew Cuomo lived up to the Democratic motto – if it moves or does not moves tax it, and if it died, tax everything it possessed. Only the fact that the Republican-controlled Senate in New York, rejected Cuomo’s plan to tax the liquid used in  electronic cigarettes. Government always pretends to be raising taxes to help people, but it is always a huge lie for its boils down to just grabbing money.

Now all the fuss over the environment and the push to electric cars has a tremendous problem in cities such as how does someone pug in their car when they live in a tall apartment building? But the other side of this coin has another problem. Governments have been faced with declining revenues from cigarettes so then they want to tax the alternative to make up for the shortfall in taxes. The same is happening with gasoline and diesel tax revenue. They will start to raise taxes on electricity using the cars as the excuse.

It seems that nobody publishes a simple statistic to reflect how much taxes on fuel is represented in the total budget of the European Union. There is plenty of information on how much tax on fuel countries charge. But when it come to how addicted government is on those fuel taxes seems to be something nobody wants to reveal.

Average price of oil for the last 20 years is 0.98 Euro per litre. In the EU average consumption of petroleum is 12,530,000 barrels a day in 2016. Therefore, taking this very low average price we arrive at the following:

1 BBL = 158.99L

Therefore multiplying this together we get the amount of litres of consumption of petroleum products per day.

1,992,144,700

Multiply this by 365 to give the yearly total

727,132,815,500

Multiplying this by 0.98 (conservative figure of the average price of oil for the last 20 yrs)

712,590,159,190 Euros of sales of Petroleum.

Multiplying this by the average tax rate of approximately 60% of the pump price is taxation, we then arrive at EU countries recoup approximately €427,554,095,514 per year in TAX revenues from fuel. Now let us take that as a percentage of total tax revenue in the EU and we arrive at €427,554,095,514 TAX on petroleum products within €5,877,506,000,000 in total 2015 Tax revenues of all 28 member states, and we finally arrive at 7.27% of total TAX revenues comes from the tax on gasoline and diesel.
The cost of going Green to the state budgets is going to be huge. This will lead to tax hikes in other areas to make up the shortfall most likely on electricity. We can expect electricity to rise in taxation dramatically and this will impact people in their apartments in cities who do not even own a car.

Then add the rise in interest rates and we are looking at the next 4 to 5 years of a true crisis in funding government

From Norway to India the year 2020 will mark the end of petrol or diesel vehicles.

sted May 5, 2016 by Martin Armstrong

Part of the global warming/climate change deals, many people do not realize that in Europe there will be no more gasoline and diesel cars on the streets come 2020. From Norway to India the year 2020 will mark the end of petrol or diesel vehicles. This is part of the long-term bear market in energy. Germany wants to bring at least million electric vehicles on the roads. However, this energy policy presents a crisis. They never realized that to prevent cars from using oil based energy, they have to get ready for a 25%-30%increase in power consumption. Shutting down nuclear power plants means you are transferring one pollution source for another.  Meanwhile, Germany was to shut down all nuclear power by 2022. Nobody seems to have figured out the coordination of these two trends.