Big Oil Wants In On The EV Boom ...Middle East

OILPRICE - Economy
Big Oil Wants In On The EV Boom
source : OILPRICE ( Middle East ) () 36
Last year, the electric vehicle sector crossed a global milestone, with one out of ten vehicles sold being electric for the first time ever. While that slice of the market might not seem like much in the grand scheme of things, another alarming trend for legacy ICE vehicle makers like Ford Motor Co., Mercedes-Benz Group AG and BMW is that their total vehicle sales declined despite EV sales more than doubling. And now Big Oil has read the writing on the wall, and is making the necessary adjustments to face the new reality. To wit, giant oil and…

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