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

Written by Valdemar Medeiros

Published on 24/11/2020 at 11:55

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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.

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.”

ARTICLE CONTINUES BELOW

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.

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

Also Read

Countries Invest in New Sources Beyond Oil

Incentive for Gasoline Cars to Be Replaced by Electric Cars

GERMANY

FRANCE

UNITED KINGDOM

BRAZIL

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Brazil and Sweden finalize a military agreement to jointly train pilots, share experiences with the Gripen fighter, and allow Swedish crews of the KC-390 to train on Brazilian soil over the next two years.

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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

Also Read

Countries Invest in New Sources Beyond Oil

Incentive for Gasoline Cars to Be Replaced by Electric Cars

GERMANY

FRANCE

UNITED KINGDOM

BRAZIL

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

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NASA announces the first interplanetary nuclear spacecraft in history destined for Mars and technology created to usher in a new era in deep space exploration: meet the SR-1 Freedom, equipped with a fission reactor and three helicopters inspired by Ingenuity to map Martian ice.

With 93 companies selling armored vehicles, aircraft, and monitoring systems to 148 countries, Brazil’s defense industry is doubling exports and is on track to break all records in 2026.

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Scientists warn that Earth’s oxygen has an expiration date and that the Sun itself will be responsible for ending the air we breathe by making photosynthesis impossible in about one billion years.

Science reveals that the error in the expansion of the cosmos is not a measurement flaw, but rather a sign that the universe may be hiding new physics capable of changing everything we know.