The End of the Gasoline Car Era: Electric Cars Threaten the Oil Industry

Aiming to End the Use of Gasoline-Powered Cars and the Like, Some European Countries Already Have Laws Prohibiting Cars That Use Petroleum-Derived Fuels, Thus Replacing Them with Electric Cars

The oil market is facing a crisis in the coming decades, the search for other sustainable sources is mobilizing major powers, such as the US, United Kingdom, and Germany, to invest in electric cars, thus weakening the sales of gasoline-powered vehicles.

Also Read

• Electric Cars: The Advantages and Challenges Brazil Will Have to Face
• Wind Turbine Blade Removed from Road Two Days After Accident Resulting in the Death of Two People in Interior Ceará
• Electric Car Prices Will Be the Same as Conventional Cars in 2024
• Even with Battery Use, Electric Cars Pollute Much Less Than the Environment
• April 20 – Petrobras Reduces Gasoline Price by 8% and Diesel by 4% at Refineries

Countries Invest in New Sources Beyond Oil

It is known that Brazil is a major producer and exporter of oil, and to avoid being harmed, specialist Antônio Marcus Machado states that the country needs to undergo a new conception.

He also says: “These countries are betting on new energy sources. This is necessary because petroleum-based fuel generates carbon emissions in the atmosphere, thus harming the environment.”

Recomendado para você

Oil and Gas

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

1

The economist further states: “The expectation is that in the next 30 years, the country will invest in minerals, such as graphite and niobium, which are excellent conductors of energy and represent the future of the automotive, shipping, smartphones, and home appliance industries. It is known that some companies are already investing in this sector today, and it is expected that Petrobras will follow the same model and, in addition to extracting oil, will invest in minerals.”

Incentive for Gasoline Cars to Be Replaced by Electric Cars

GERMANY

• The automotive industry in the country is facing a crisis due to the COVID-19 pandemic, along with rising gasoline and oil prices.
• Chancellor Angela Merkel announced a €5 billion aid package for the recovery of the automotive sector and investments in electric cars.

FRANCE

• The country banned the sale of cars powered by petroleum derivatives such as gasoline and diesel starting in 2040.
• Companies are encouraged to cover employee costs related to car-sharing and bicycles, soon including electric cars.

UNITED KINGDOM

• The country announced it will eliminate carbon emissions by 2050 and ban, starting in 2030, the sale of new gasoline and diesel-powered vehicles; oil will decline.
• In London, fees have already been established and are charged for the circulation of vehicles and similar that use petroleum-based fuels that are over 4 years old.

BRAZIL

• Webmotors and Santander ease the acquisition of electric cars in Brazil.
• The sale of electric cars in Brazil grew by 221% in the first half of 2020.
• Companies have come together in a campaign to encourage the use of electric and hybrid cars in Brazil.