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March 13, 2019

Oil and gas companies are playing a key role in increasing EV adoption

The global energy landscape is transitioning towards low-carbon emitting energy sources to slowdown the process of climate change. This transition is encouraging the adoption of electric vehicles (EVs), which has the potential to impact the global crude oil demand in the long term. Oil and gas companies are making structural changes in their business offerings to brace themselves for the EV adoption and convert this threat into an opportunity.

By GlobalData Energy

The global energy landscape is transitioning towards low-carbon emitting energy sources to slowdown the process of climate change. This transition is encouraging the adoption of electric vehicles (EVs), which has the potential to impact the global crude oil demand in the long term. Oil and gas companies are making structural changes in their business offerings to brace themselves for the EV adoption. It’s important for them to convert this threat into an opportunity.

Today, electric vehicles account for 1% of global passenger vehicle sales

Electric vehicles oil and gas

In 2017, the number of electric vehicles on the world’s roads passed 3m, according to the International Energy Agency (IEA). Their definition of electric vehicles includes BEVs, PHEVs, HEVs and HFC vehicles. By 2030, the IEA predicts the number of electric vehicles on the road will have expanded to 125m.

GlobalData’s Electric Vehicles in Oil & Gas – Thematic Research report discusses how oil and gas industry is transitioning themselves to improve their sustainability and harness the booming EV industry.

Key features of the report include:

  • Analysis of how EV adoption is driving oil and gas companies to invest into key areas. These include EV charging infrastructure, utilities and battery technologies, and reducing global carbon emissions
  • The report further shows some of the regulatory trends indicating the potential for EV boom in the automotive industry that was typically dominated by gasoline-powered vehicles

GlobalData’s report helps you understand emerging trends and applications in EVs for the oil and gas industry. Case studies covered in the report demonstrate how oil and gas companies are using EV adoption to alter their product portfolio to capture the emerging business opportunities.

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