Oil has played a pivotal role in shaping geopolitics for more than a century. But the rise of electric vehicles and shift toward cleaner fuels means that the world’s dependence on oil could begin to shrink, with both expected and unexpected consequences. Most countries are not prepared for the consequences of this transition, according to
Big Oil and its front groups want to kill electric vehicles (EVs) under the pretense of fairness. It’s no secret why. The industry sees that the electric transportation future is coming fast, threatening their polluting profits, and they’re scared. We should double down on electrifying transportation and support an expansion of EV tax credits so
LONDON (Reuters) – Electric vehicles and more efficient fuel technology will cut transportation demand for oil by 2040 more than previously expected, but the world may still face a supply crunch without enough investment in new production, the International Energy Agency (IEA) said on Tuesday. Oil demand is not expected to peak before 2040, the
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
The electric jolt that roused Big Oil
Identifying a tipping point is not always easy. But when one of the world’s most powerful oil bosses says he is in the market for an electric car, there can be little doubt. Ben van Beurden, the Royal Dutch Shell boss, last week delivered the clearest indication yet that the burgeoning electric vehicle industry is
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