How are oil and gas companies strategizing in response to the electric vehicle market?
By GlobalData
Electric mobility is a crucial element of the successful energy transition. Electric vehicles (EVs) are expected to account for over one-third of the new car sales worldwide by 2031, and so oil and gas companies are reacting with heavy investments across the EV value chain. Such investments are being made in a bid to remain relevant within this exciting segment.
GlobalData’s free report, Oil & Gas Sector Strategies in Electric Vehicles, reveals that transportation accounts for almost half of the petroleum products demand. However, the wider adoption of electric vehicles could slow the pace of petroleum products demand in the future.
Our report includes:
- Petroleum products demand forecast till 2026 by sector
- Potential targeted areas for oil & gas companies to enter the EV value chain
- EV strategies of oil & gas companies across major regions in the world