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Make sure to avoid plagiarism as much as possible. Use font time new roman 12 font size. Use 1.5 line spacing with adjust to all paragraph (alignment). Use the footer function to insert page number. Make sure to follow APA styling the project and reference, minimum number of required references is 8. The project length should be more than 3000 word and make sure to follow the attached guideline. Gramer and spelling must be checked before submitting the project. Project must be in word format only.
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EV Effects on
the Kingdom of
Sudi Arabia
Economy
Saudi Arabia, a land where 68% of national income is generated from a single source:
oil. This black gold has been the main sector for the kingdom’s economy for many years,
it affects every aspect of life as we know. Yet, across the globe, a sign of disruption rises
– the electric vehicle (EV) – its quiet sound surpasses the conventional engine’s rumble.
This flourishing technology casts a long shadow on Saudi Arabia’s future, its potential to
upend the established order as potent as a desert storm. However, the kingdom rejects
standing still as a passive observer. Through the Public Investment Fund (PIF), a bold
diversification strategy avail. Lucid Motors, a well-known EV pioneer, stands alongside
CEER, a fresh entrant in electric car manufacturing world, and EVIQ, a pioneer in
charging infrastructure. These are not isolated moves; they represent a calculated shift,
a deliberate pivot away from the oil dependent economy.
Vision 2030 draws an aggressive plan for Saudi Arabia’s future, aiming to liberate itself
from oil dependent economy. While electric vehicles (EVs) are championed as a green
solution in the western community, their true environmental full life cycle footprint tells a
different story. The exploration, extraction, and processing of the batteries raw materials
leave a substantial environmental impact, while the development of charging
infrastructure presents a complex logistical and financial burden. Moreover, the
dependency on electricity generation, whose carbon footprint can vary drastically based
on the energy mix of any particular country, adds yet another layer of complexity. These
limitations suggest that while EVs can play some role, they might not be the silver bullet
for long-term sustainability. Investing in cleaner internal combusting engine (ICE)
technologies with their quick refueling, extended range, and higher energy efficiency may
offer more promising alternative. At the same time, adopting carbon capture and storage
(CCS) technologies can offer a cleaner environment to clean up existing energy sources
and reduce the impact of fossil fuels, with a bonus of having more beneficial financial
returns. By diversifying its energy portfolio beyond EVs, Saudi Arabia can walk the talk
towards a cleaner and more resilient future, one that safeguards its environmental future
while decoupling its financial well-being from oil.
This project drills-down into the fine line between Saudi Arabia’s oil-dependent past, the
EV-driven present, and the quest for a sustainable future. Can these strategic
investments shift the kingdom away from its 60% dependence on transportation-driven
oil demand, or will the sands of change bury them beneath the weight of
a dwindling resource? This exploration transcends mere economics; it navigates the
crossroads of tradition and innovation, where the very identity of a nation hangs
precariously in the balance.
Project guidelines:
The distribution of the grades for the project will be as follows:
a. The written part will be will be a 60%.
b. The presentation part will be 40%.
The project shall include the following:
1. Introduction which shall include description of the idea of the project (full explanation
of the idea).
2. Literature review of works that you would cite for your project.
3. Analysis of your project finding, including the use of indicators, tables and graphs and
with discussion of each of the abovementioned requirements.
4. Correct citation
5. Conclusion
6. References
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