Electrifying the Transportation Sector: Implications for the Oil and Gas Industry

Year 2023, Volume: 8 Issue: 1, 25 - 35, 29.12.2023

Ekrem Alagoz

https://doi.org/10.55088/ijesg.1260882

Abstract

This review article explores the implications of electrifying the transportation sector for the oil and gas industry. The current state of the transportation sector and the role of oil and gas in it are discussed, followed by an introduction to the concept of electrification and its potential benefits and challenges. The article analyzes the potential impacts of electrification on the oil and gas industry, including changes in demand for oil and gas and opportunities for investing in renewable energy and developing new technologies. Several case studies of companies in the oil and gas industry that are adapting to the transition to electrification are presented, including those investing in renewable energy and developing electric vehicle charging infrastructure. The role of government policies and regulations in the transition to electrification is also discussed, including incentives for electric vehicles and renewable energy and their potential impact on the oil and gas industry. The article concludes with a summary of the potential implications of electrifying the transportation sector for the oil and gas industry, along with recommendations for how companies in the oil and gas industry can adapt to the transition to electrification. Overall, the article provides a comprehensive overview of the electrification of the transportation sector and its impact on the oil and gas industry, offering insights and recommendations for industry stakeholders.

Keywords

Electrification, Transportation sector, Oil and gas industry, Renewable energy

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