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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
Electric cars: myths and reality from Volkswagen
1.”No one can afford an electric car!»
Electric cars are becoming more attractive and affordable. For example, the cost of batteries has fallen by about 80% over the past ten years. Volkswagen ID.3 is an electric car that costs exactly the same as the equivalent Golf TDI. In addition, buyers can apply for a government grant, and operating costs for an electric vehicle are lower. This is due to the fact that electricity costs less than gasoline and diesel, a lower tax is charged, and the maintenance and maintenance costs are only about a third of the costs of cars with conventional transmissions. When you look at the total cost of ownership, electric cars are a bargain for a large number of people. Continue reading
By 2040, electric vehicles will dominate sales, reducing oil demand by 13 million barrels per day
Passenger car sales from ice have already reached a peak, and this development will have wide implications not only for the automotive sector, but also for oil and gas, metals and mining companies.
According to new research, electric vehicles should account for more than half of global passenger car sales by 2040 and completely dominate the bus market.
Sales of diesel and gasoline vehicles will continue to decline, according to Bloomberg NEF Electric Vehicle Outlook 2019 forecast. Continue reading
