Electric vehicle (EV) sales have reached record numbers in recent years, with an even more dramatic increase expected in the late 2020s. This popularity will reduce sales of petroleum products during this decade, causing many oil and gas companies to stake their involvement in the sector by investing in charging infrastructure, battery technologies, or hydrogen vehicle infrastructure.
As electric vehicle sales grow, many oil and gas companies are diversifying into the electric transport sector. In particular, China and Europe are expected to have the largest battery EV markets in the coming 15 years. Fuel cell electric vehicles are expected to grow as well, but to a much smaller degree in the passenger vehicle segment. Several auto manufacturers have set targets for EV sales and allocated funding toward electrification, in tandem with goals from 18 countries to completely end sales of gasoline and diesel passenger vehicles. Rebounding demand for petroleum products is being dampened by the growing EV market. Oil and gas companies getting involved in the sector have invested in charging infrastructure, battery technologies, or hydrogen vehicle infrastructure.
As electric vehicle sales grow, many oil and gas companies are diversifying into the electric transport sector. In particular, China and Europe are expected to have the largest battery EV markets in the coming 15 years. Fuel cell electric vehicles are expected to grow as well, but to a much smaller degree in the passenger vehicle segment. Several auto manufacturers have set targets for EV sales and allocated funding toward electrification, in tandem with goals from 18 countries to completely end sales of gasoline and diesel passenger vehicles. Rebounding demand for petroleum products is being dampened by the growing EV market. Oil and gas companies getting involved in the sector have invested in charging infrastructure, battery technologies, or hydrogen vehicle infrastructure.
Scope
- Electric Mobility Outlook
- Causes and Effects of the EV shift
- O&G company Strategies and Involvement
Reasons to Buy
- Learn how oil demand will grow during this decade
- Learn how and where the EV market will grow during the next 15 years
- Understand the driving factors behind the EV push
- Understand the opportunities for O&G companies to enter the automotive value chain
- Learn specific strategies the O&G majors are taking to enter the EV space
Table of Contents
- EV Sales Outlook
- EV Sales by Country/Region
- Auto Manufacturers’ Targets
- Country Policies on EV Integration
- EV Sector Signals
- Petroleum Products Demand Outlook
- Driving Factors of the EV Shift
- Ways for O&G Companies to Enter Automotive Value Chain
- EV Sector Involvement of O&G Majors
- EV Charging Units Developed by O&G Majors
- Specific Strategies of O&G Majors by Region
List of Tables
Table 1: Policies, incentives and regulations supporting electric and hydrogen fuel cell vehicles
Table 2: O&G company strategies matrix
Table 3: Electric vehicle charging units operated by O&G companies
List of Figures
Figure 1: What is CCUS
Figure 1: Projected sales of EVs, PHEVs and FCEVs to 2036
Figure 2: Leading Countries and Regions in Growth of EVs and PHEVs Sales
Figure 3: Leading Countries and Regions in Growth of Hydrogen Fuel Cell Vehicles
Figure 4: Auto manufacturers’ sales targets for EVs, 2020 - 2030
Figure 5: Deals trends
Figure 6: Company filings
Figure 7: Hiring trends
Figure 8: News count
Figure 9: Petroleum Products demand by sector
Figure 10: Factors contributing to a decline in fossil fuel light vehicle sales
Figure 11: Potential for O&G companies to enter automotive value chain
Figure 12: EV Strategies of O&G companies in Europe
Figure 13: EV Strategies of O&G companies in North America
Figure 14: EV Strategies of O&G companies in Asia and Oceania
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Fiat Chrysler
- Volkswagen Group
- PSA Group
- BMW Group
- Daimler
- Volvo
- Hyundai Motor Group
- Renault Group
- Shell
- TotalEnergies
- BP
- Mitsui
- Eni
- Repsol
- Woodside
- Chevron
- Suncor Energy
- ExxonMobil
- Hindustan Petroleum
- OMV
- Orlen
