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

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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

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Magalu has a clearance sale on JBL Boombox 4 with 210W of power, 34-hour battery, and 3-way system.

Driverless bus, promised as the future of transport in the UK, has been cancelled after low demand, still required human staff on board, and has become a symbol of an innovation that almost no one wanted to use.

The Japanese multinational Nidec, owner of the Embraco brand, opened more than 50 technical vacancies in Joinville with salaries of up to R$ 4.4 thousand for machining, maintenance, and manufacturing, in addition to benefits such as a profit sharing program, scholarships, and a health plan.

With capacity for 10 passengers, a payload of up to 1 ton, a speed of 150 km/h, and 40% fuel savings, the Volitan “flying boat” emerges as an innovative solution to transform transport in the Amazon and drastically reduce river travel time.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in the bins, send warnings to residents, and transform common disposal into a debate about surveillance.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in bins, send warnings to residents, and turn common disposal into a debate about surveillance.

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

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Magalu has a clearance sale on JBL Boombox 4 with 210W of power, 34-hour battery, and 3-way system.

Is Amazon becoming a “global post office”? Big Tech opens its logistics to any company, puts more than 100 planes and warehouses on the market, and makes UPS and FedEx lose about 10% on the stock market by raising the delivery dispute to a new level.

Oil sees sharp drop after rumors of a deal between the United States and Iran raise hopes for an end to the war in the Middle East.

Buenos Aires began construction in February 2026 on a ring-shaped bridge with a diameter of 140 meters, a 540-meter tunnel, and a viewpoint with panoramic views of the planes — and the deadline is just 20 months.

Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.

Amazon opens its powerful logistics structure to third-party companies and transforms freight, import, inventory, and deliveries into a new global bet.

Driverless bus, promised as the future of transport in the UK, has been cancelled after low demand, still required human staff on board, and has become a symbol of an innovation that almost no one wanted to use.

The Japanese multinational Nidec, owner of the Embraco brand, opened more than 50 technical vacancies in Joinville with salaries of up to R$ 4.4 thousand for machining, maintenance, and manufacturing, in addition to benefits such as a profit sharing program, scholarships, and a health plan.

With capacity for 10 passengers, a payload of up to 1 ton, a speed of 150 km/h, and 40% fuel savings, the Volitan “flying boat” emerges as an innovative solution to transform transport in the Amazon and drastically reduce river travel time.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in the bins, send warnings to residents, and transform common disposal into a debate about surveillance.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in bins, send warnings to residents, and turn common disposal into a debate about surveillance.