What Will Happen to Millions of Gasoline Cars in the Coming Era of Electric Vehicles?

Most Gasoline cars in the world are currently powered by internal combustion engines that use gasoline cars or diesel to power vehicles and drive them on the roads, and this has been the case for the past decades since the invention of cars.

But this is about to change, as a large number of analysts, observers, experts, environmental activists and executives expect a radical change to occur with the increasing popularity of battery-powered electric cars.

In fact, the use of electricity is not just an environmentally friendly goal advocated by a large number of activists in the world, but it is an ambition that will help combat climate change by dispensing with fossil fuels (extracted from the ground such as coal, natural gas, and oil), which produces a large number of greenhouse gas emissions, is also an economic goal and a lucrative business reality, according to many experts.

With the rise in fossil fuel prices and reaching record levels due to the prevailing geopolitical conditions in the world – not the least of which was the Russian-Ukrainian war, which led to unprecedented rises in energy prices, as the price of a barrel of oil reached more than $100 – the call for the use of clean energy sources increased in energy. Wind, electricity, etc.

In addition to this, there are calls from environmental activists to shift towards these alternative sources, and calls from many cities and countries to use electric cars as an alternative to fuel-powered cars. The French city of Paris, for example, announced that it will ban everything on its roads except electric vehicles by 2030.

Paris announced that it will ban everything on its roads except electric vehicles by 2030

The US state of California (the largest automobile market in the United States) followed suit, which plans to completely ban the sale of gasoline-powered cars by 2035, according to what the New York Times recently reported.

There are countries that are moving almost completely towards electric cars, such as Norway, where sales of these cars represented 75% in 2020, which is the highest percentage in the world, and it is expected that the percentage of electric car sales there will reach 100% before 2025.

The global electric vehicle market is expected to reach US$208.58 billion by the end of 2022, according to a new study prepared by Presidency Research. The size of the global electric vehicle market was estimated at approximately US$170 billion in 2021 and is expected to reach more than US$1,103.17 billion by 2030, with a compound annual growth rate of 23.1% during this period.

The biggest revolution in the world of the automobile industry

In reality, we are in the middle of the largest revolution in the world of the automobile industry since Henry Ford began operating the first automobile production line in 1913, and the transformation is likely to occur much more quickly than we imagine, and many industry observers believe that we have already passed the turning point. Sales of Gasoline cars are rapidly outpacing sales of gasoline and diesel cars, according to forecasts.

In this context, the world’s major automakers are planning to completely transform into the electric car industry. Jaguar, for example, announced that it will sell this type of vehicle only starting in 2025, and Volvo starting in 2030, and the British sports car company Lotus said that it will follow suit, and will sell electric models only, starting in 2028.

Countries and major car manufacturers in the world are racing to produce and develop gasoline cars that are better and more durable than their predecessors, and the matter is not limited to one model. Each company announces its intention to produce different types of these vehicles.

General Motors (GM) announced its commitment to invest an additional $7 billion to fund Gasoline cars and self-driving vehicle programs and will launch 30 new models of electric vehicles globally until 2025.

As for the South Korean company Hyundai, it pledged to manufacture 23 new types of these cars during the same period, as did Mercedes Toyota, and the rest of the companies that are engaged in a feverish race to win future markets.

Indeed, there are new emerging companies – such as Ruffian and Byton – entering the market every day, and working on developing their own electric cars, and why not? The market is very promising, and the race towards the future never stops.

  The “Car and Driver” website monitored a list of all the electric cars that are expected to be seen on the roads of the world in the next five years, including lavish and expensive cars, the price of each of which reaches more than 3 million dollars, and among them are “popular” cars that will cost  Affordable.

The Fate of Gasoline Cars

Will Gasoline cars disappear completely, replaced by electric cars? If this is the case, do we have to imagine the “mountains of scrap” that will be filled with gasoline cars that will no longer have a place in the coming years?

This may happen and all-electric cars will be replaced by those that run on gasoline cars and diesel, an option favored by environmental activists and a number of legislators in America and Europe who are pushing to eliminate the use of carbon-producing vehicles within a decade.

Writer Dan Neal says – in his article in the Wall Street Journal – that consumer choices could be the driver behind this. “Electric cars are better machines than the machines they replace,” he explains, which is why consumers may choose to replace their gasoline cars with electric cars early.

“Just like the old TVs, which were powered by plasma, consumers quickly replaced them with LCD screens, which are cheaper and much better,” he explains.

But others are more skeptical of the accelerated timeline, and expect both types of vehicles to coexist on the roads for a long time.