STO 0.59% $6.78 santos limited

Ann: Santos announces non-cash impairment, page-11

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  1. 2,629 Posts.
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    Oil for ICE is about 50% of demand.

    EV penetration is about 2% with about 50% growth PA. ICE motor vehicle is about 10% growth rate PA. At those rates there is still more demand to come.

    It comes down to 2% @ 50% v 98% @ 10% fighting for the market going forward. While I don't think EV will maintain 50% PA growth throughout it's rise using it anyway I think you are about 10-15 years too early.

    I do believe in the evolution of EV and batteries however at a more realistic rate.

    IMHO DYOR
    Good comments

    The ICE contribution growth is coming from the developing world, where electricity is not widely available at present. This is part of the sticky demand I was referring to.

    I also believe that electric vehicles will grow their share, but there are still barriers. I am buying a new car at present. I am not considering an electric vehicle. Maybe I am too old and set in my ways LOL.

    Cheers, AL
 
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