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
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks