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Oil and Gas Sector Strategies in Electric Vehicles

Publisher GlobalData
Published Apr 04, 2025
Length 3 Pages
SKU # GBDT20476969

Description

Oil and Gas Sector Strategies in Electric Vehicles

Summary

With cars and vans accounting for 25% of global oil use, the oil and gas industry has a vested interes in the future landscape of transport. Despite a recent slowdown in sales, overall EVs continue to gain traction. By 2035, GlobalData forecasts that EVs will account for nearly 50% of all light vehicle sales. With the growth of EV adoption, the demand for EV charging infrastructure will also rise. Oil and gas companies can help to cater to this demand while diversifying their investments by leveraging their existing downstream assets to expand charging networks.

Key Highlights
  • According to IEA, cars and vans were responsible for more than 25% of global oil use. Despite this, ICEs sales have been on the decline from 2020 to 2024, falling at a CAGR of 4%. By 2031, EV sales will exceed ICE sales, accounting for 37% of total sales vs 34%. Sinopec, Indian Oil, and Shell, which according to GlobalData own the largest number of EV charging stations, with 9,051, 7,863, and 3,063.
Scope
  • Assess the role oil and gas companies have in the development of EV charging networks, Assess the impact that changing oil and gas company strategies have on EV charging network development, Assess the effect regional EV demand has on oil and gas EV strategies and investment
Reasons to Buy
  • Gain insight into oil and gas company strategies regarding EVs, Identify the key players developing EV charging stations

Table of Contents

3 Pages
LV sales by region and EV percentage share of total light vehicle sales 2020-2035
Major oil players' total fuel stations and the proportion of total sites with EV charging facilites

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