Oil firms charging up for electric vehicles
Energy firms and car makers are preparing for the EV onslaught
Nothing underlines the reality that the internal combustion engine (ICE) rein as king of the road is coming to an end like oil companies investing in charging technology for electric vehicles (EVs). Two of the main European players have taken their first steps into the market and can be expected to beef up their offerings in future, as can petrol station operators around the world, as EVs rapidly gain market share from California to Guangdong. Last October, Shell said it was opening installing recharging units on some of its UK petrol station forecourts and also bought Amsterdam-based NewMotion, one of Europe's largest specialists in smart-charging facilities for homes, businesses and parkin
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields