Big Oil Wants A Piece Of The Electric Vehicle Pie ...Middle East

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Big Oil Wants A Piece Of The Electric Vehicle Pie
source : OILPRICE ( Middle East ) () 32
Although electric vehicles (EVs) may appear to be the last thing the oil and gas industry would desire, energy firms are investing heavily in EV technologies, not wanting to miss out on new energy transition opportunities. The likes of Shell, TotalEnergies, ExxonMobil, Equinor, and BP are all backing EV projects as they expand their portfolios to include non-traditional energy sectors. In 2021, several international oil majors acquired EV-related companies and technologies while, at the same time, several car manufacturers announced plans for the…

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