Oil and gas companies are currently investing heavily in electric vehicle charging companies

For decades, oil and gas companies and utilities have refused to accept electric vehicles as a given. Now oil and energy giants are becoming part of the “new fuels”industry.

According to forecasts, more than 350 new models of electric vehicles will appear by 2025. Global demand for gasoline will peak around 2021, thanks to improved fuel efficiency. Wood Mackenzie predicts that infrastructure investment in the US will exceed $ 18 billion per year in equipment, installation, operation and services by 2030. China is expected to have three times more energy demand from electric vehicles by then. Continue reading →