US majors in the slow lane on transport transition
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 accoun

Also in this section
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector