Green Car Congress

MAY 4, 2016

In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. Policymakers hope higher energy prices can produce a number of helpful effects, the authors said.

United Arab Emirates 150

United Arab Emirates Oil Saudi Arabia Bahrain 150

Green Car Congress

APRIL 10, 2015

Cheap oil has created a huge financial crisis for Venezuela as its economy is heavily dependent on oil exports and oil revenues constitute about 95% of its total foreign exchange earnings. Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Baua Electric

NOVEMBER 3, 2023

Also Read : Hyundai to build factory for EVs in oil-rich Saudi Arabia The UAE is investing as much as 200 billion dirhams ($55 billion) by 2030 to transform its energy strategy, and has pledged that EVs and hybrid cars will make up more than 50% of the national fleet by 2050, from 4% currently.

Saudi Arabia 52

Saudi Arabia Chinese Asia Oil 52