article thumbnail

Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

Saudi Arabia and Kuwait might, and should be encouraged to do so. Green-technology corporations dominate the Fortune 500 by 2030. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. —Goldthau et al.

Carbon 207
article thumbnail

The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

Around the six Gulf states, together with oil majors Saudi Arabia and the United Arab Emirates, electrical vehicles account for simply 0.4% Chinese brands made up 16% of the 616,500 new vehicles sold in Saudi Arabia last year. per gallon in Saudi Arabia and Qatar — it’s financially savvy to have an EV in some countries.