International agreements and national initiatives, including the Paris Agreement, Kyoto Protocol, and measures like Transit-Oriented Development (TOD) and the adoption of electric vehicles, have collectively fostered efforts to reduce emissions and encourage sustainable practices.Technological advancements, notably the adoption of electric vehicles, show promise in significantly decreasing emissions, with studies indicating a substantial 50-60% reduction compared to traditional gasoline cars.However, despite these advancements, the transition to cleaner practices encounters several challenges. Issues such as the cost of electric vehicles and battery materials, limited charging infrastructure, and continued dependence on fossil fuels in many regions pose significant hurdles.In terms of policy efforts, governments worldwide are taking measures to incentivize cleaner transportation through regulations, subsidies, and taxes. The automotive industry faces both opportunities and challenges, with a growing demand for eco-friendly cars necessitating adaptations in production while also managing associated costs.Global trends reveal mixed results. While there have been minor declines in energy consumption overall fossil fuel consumption is still on the rise, with limited success in expanding alternative energy sources. Air pollution trends also vary globally, with improvements in some regions like North America and Europe, but worsening air quality in others, particularly in sub-Saharan Africa and South Asia.Sales of electric vehicles are on the rise, indicating a positive shift, yet their impact on global oil demand is anticipated to be limited in the near future.
While this would cause a major disruption if done abruptly, in reality, considerably, and more in the long run than in the short run. The carbon footprint of electric power generation is decreasing over the time and we have technologies for low-carbon electric power.