Related Articles
Forward article link
Share PDF with colleagues

US majors in the slow lane on transport transition (1)

US majors see little incentive to prepare for greater EV adoption

European majors are addressing the challenges of the energy transition in transport fuels by acquiring technology, conventional and renewable electricity generation capacity, and new positions in the electricity supply industry. But their US peers are limiting their participation to energy efficiency and new technology as the shale revolution continues to increase US hydrocarbons output. ExxonMobil and Chevron, and their competitors, largely appear to have adopted the attitude of "What is the hurry?", says an oil consultant. "Even if you look at the most optimistic assumptions on electric vehicles, demand will still be 90pc liquid fuels for the next 10 years at least," he adds. US EVs accou



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Iraq renews gas drive
8 May 2021
Baghdad turns again to China to develop its second largest gasfield
Restrained US shale set for cashflow pay-off
7 May 2021
Rebounding oil prices have boosted company balance sheets, but debt remains the priority over growth
Malaysia sweetens upstream deals
7 May 2021
The country is taking measures to encourage IOC interest in its latest licensing round
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video