Global Insight 13:Oil companies layout electric car industry
Under pressure to become carbon neutral, oil companies are beginning to transition to cleaner energy sources and cutting back on future fossil energy production. Several oil companies have begun to make significant inroads into the electric vehicle (EV) industry, seeing it as an important way to achieve carbon neutrality. This article analyzes how traditional oil companies are approaching the electric vehicle industry.
For oil companies, the electric vehicle industry will be a convergence of three industries: transportation, electrical, and oil, and it will be one of the largest and most influential cross-industry convergences of the century, with significant business opportunities: the first is public charging stations; the second is financing and leasing of electric vehicles and batteries; the third is renewable electricity.
For more information, please get in touch with us.
Section of Global Development Strategy.
