In an aggressive scenario, electrified transportation could displace 8 million barrels of oil per day. When Tesla announced that it had built 7,000 cars in a week, I got excited. Even though electric vehicles (EVs) make up only a small percentage of new car sales in most countries, those sales are growing rapidly. But how
If motor manufacturers are right about the prospects for electric vehicle sales, an oil price crash won’t be far behind. LONDON, 5 July, 2018 – Oil and gas companies have underestimated probable electric vehicle sales and the effect they will have on their own businesses and profits, a new report says. If the car manufacturers’
BP and Shell have bought electric-car charging companies Power utilities are boosting sales to homes, chargers on roads A red-hot electric vehicle market has triggered a face-off between Big Oil and utilities. Oil majors, who’ve sold fossil fuels to cars for a century, are now moving into an electricity sector that’s preparing for exponential growth.
Electric vehicles are cleaner and more efficient than conventional vehicles. Reports against EVs are coming from oil-backed studies, leading to skewed public perceptions of battery-run autos. Electricity powered transportation will cause less pollution and less asthma, cancer and other illnesses associated with pollution from the burning of fossil fuels. When technological innovation threatens to upend
Fuel Included was founded in 2014 in response to the threat of global warming. Our aim is to promote sustainable technologies at affordable prices, a mission that becomes ever more important as global climate changes accelerate. Initially we concentrated on electric cars but as they become increasingly mainstream we are able to focus on other green
Come 2025 the switch to electric vehicles (EV) will start to impact the demand for gasoline, which will be bad news for shipping. While charging infrastructure and range limits remain a concern for EVs the fact they are much cheaper to manufacture on a large scale than their petrol powered cousins will see a shift
A shift of emphasis to electric cars will raise supply challenges for both components suppliers and talent managers. Last orders’ has been called for the internal combustion engine. Just a day after Volvo announced plans to include an electric motor element in all its cars, the new French government said it will legislate to phase
OPEC quintupled forecast for battery powered cars in last year Oil majors and automakers diverge on outlook for EVs The world’s biggest oil producers are starting to take electric vehicles seriously as a long-term threat. OPEC quintupled its forecast for sales of plug-in EVs, and oil producers from Exxon Mobil Corp. to BP Plc also