Oil and Gas Sector Strategies for Electric Vehicles (EV)

Oil and Gas Sector Strategies for Electric Vehicles (EV)

Summary

Electric vehicle (EV) sales have reached record numbers in recent years, with an even more dramatic increase expected in the late 2020s. This popularity will reduce sales of petroleum products during this decade, causing many oil and gas companies to stake their involvement in the sector by investing in charging infrastructure, battery technologies, or hydrogen vehicle infrastructure.

As electric vehicle sales grow, many oil and gas companies are diversifying into the electric transport sector. In particular, China and Europe are expected to have the largest battery EV markets in the coming 15 years. Fuel cell electric vehicles are expected to grow as well, but to a much smaller degree in the passenger vehicle segment. Several auto manufacturers have set targets for EV sales and allocated funding toward electrification, in tandem with goals from 18 countries to completely end sales of gasoline and diesel passenger vehicles. Rebounding demand for petroleum products is being dampened by the growing EV market. Oil and gas companies getting involved in the sector have invested in charging infrastructure, battery technologies, or hydrogen vehicle infrastructure.

Scope

• Electric Mobility Outlook
• Causes and Effects of the EV shift
• O&G company Strategies and Involvement

• Learn how oil demand will grow during this decade
• Learn how and where the EV market will grow during the next 15 years
• Understand the driving factors behind the EV push
• Understand the opportunities for O&G companies to enter the automotive value chain
• Learn specific strategies the O&G majors are taking to enter the EV space