Related Articles
Report
Forward article link
Share PDF with colleagues

Electric vehicles - known unknown threat

Electric vehicles are either a fad or a big problem for the oil industry, depending on who you speak to. But the sector should beware of complacency

For an industry still relying on people pouring its flammable product into a contraption that sets off a series of tiny explosions to propel a tonne of metal along a road-an ingenious mobility technology that is already more than a century old-the oil sector has been pretty relaxed about the threat of electric vehicles (EVs). Or that's its public face, anyway. At most industry conferences, oil executives will be heard poking fun at EVs' tiny share of the car market. Inevitably, they'll follow this with projections showing that the internal-combustion engine (ICE) will remain king for decades to come, even if do-gooder eco-warriors spend their savings on Nissan Leafs. But as the current oil

Also in this section
Cyprus dreams again
24 May 2017
Developers working offshore the island think they may be about to unlock vast new reserves. Taking them to a depressed market will be much harder
Natural gas still not getting through in Europe
17 May 2017
Coal still beats natural gas in many European markets, notably Germany. This makes no sense, says Wintershall chief executive Mario Mehren
Gazprom's next gas battle
15 May 2017
The Russian giant is ready to defend its market share in Europe and face off the threat of American LNG