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

Carro elétrico recarregando

Be the first to react!

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

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

The Port of SC has just entered the direct route to the largest hubs in Northern Europe with a new line from Maersk, gains a connection with Manaus in 13 days, and is preparing dredging to receive giant ships of up to 16,000 containers.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil’s external debt rises to US$ 416.976 billion in April, says Central Bank, while investments in stocks see an inflow of nearly US$ 1 billion.

While millions receive Bolsa Família, thousands of Chinese arrive to work in Brazil, exposing the uncomfortable debate about qualification, productivity, employment, and dependence on public money.

Philippines begin construction of the country’s largest desalination plant in a city without enough fresh water to grow, and the 66,500 m³ per day plant will transform the sea into drinking water for 50,000 homes in 24 months with reverse osmosis technology from SUEZ and JEMCO.

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

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

While Brazil sits on the pre-salt and still imports diesel, Turkey, which produces almost no oil, crossed half the world to drill 7,500 meters below the sea in Somalia in search of its own fuel.

Why didn’t oil reach $150 even after three months of the Strait of Hormuz being closed?

The truck that “bent physics” in the Monte Carlo case: report indicates impossible route between São Paulo and Mato Grosso, R$ 4 million in recorded refueling, R$ 3 million advanced, and suspicion of entries without real correspondence.

ANTT authorizes new electronic tolls without barriers on highways in Paraná and Goiás, expands free flow toll collection, and introduces drivers to a new rule that may result in a fine if the toll is not paid on time.

After 5 years stalled by the Supreme Court, the R$ 9 billion Ferrogrão railway is back on track to connect Sinop to Miritituba over 933 kilometers, transport grains by rail, and cut 50% of CO2 emissions from Brazilian agribusiness.

The Port of SC has just entered the direct route to the largest hubs in Northern Europe with a new line from Maersk, gains a connection with Manaus in 13 days, and is preparing dredging to receive giant ships of up to 16,000 containers.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil’s external debt rises to US$ 416.976 billion in April, says Central Bank, while investments in stocks see an inflow of nearly US$ 1 billion.

While millions receive Bolsa Família, thousands of Chinese arrive to work in Brazil, exposing the uncomfortable debate about qualification, productivity, employment, and dependence on public money.

Philippines begin construction of the country’s largest desalination plant in a city without enough fresh water to grow, and the 66,500 m³ per day plant will transform the sea into drinking water for 50,000 homes in 24 months with reverse osmosis technology from SUEZ and JEMCO.