Energy Alternatives for the Transport Sector: The US and the EU Move in Different Directions

There are two alternative energy/technology options: natural gas and electricity. Recent developments in some regional natural gas markets, where an important price differential between oil and gas is developing, could prompt this resource to become an important option for road transport. On the other hand, after the spate of announcements of new electrical vehicles and bold market objectives, the ‘electrical revolution’ seems to be entering a reflection period. Governments and the manufacturing industry, especially in OECD countries, are evaluating how to achieve the ambitious goals set they have set for themselves in the most economically efficient way. The deployment of these alternatives could have significant implications for international efforts to mitigate climate change