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Oil and Gas Sector Strategies for Electric Vehicles (EV)

As electric vehicle sales grow, many oil and gas companies are diversifying into the electric transport sector. 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.

What are the key EV strategies of O&G companies in Europe?

Some of the major O&G companies in Europe are BP, Shell, Polish IOC Orlen, TotalEnergies, Eni, Repsol. BP is aiming to expand its network of EV charge points by 2030. The company took its first major leap in the EV theme in 2018 with the acquisition of UK-based Chargemaster. Since then, it has been working to expand its network in Europe, the US and Asia.

To know more about EV strategies of major oil and gas companies in Europe, download a free report sample

What are the key EV strategies of O&G companies in North America?

Some of the major O&G companies in North America are ExxonMobil, Suncor Energy, and Chevron. ExxonMobil’s EV strategy focuses on providing solutions to improve EV performance, such as EV battery thermal management. The company also is developing fluids (integrated E-motor fluids, reduction gearbox lubricants and specialty greases) that would extend EVs’ range and improve efficiency and performance of the vehicle.

To know more about EV strategies of major oil and gas companies in North America, download a free report sample

What are the key EV strategies of O&G companies in Asia and Oceania?

Some of the major O&G companies in Asia and Oceania are Mitsui & Co Ltd (Mitsui), Hindustan Petroleum Corp (HPCL), Woodside Petroleum. Mitsui & Co Ltd (Mitsui) is planning to expand its footprint in the EV ride-sharing automotive and public transportation industry and provide a whole value chain of EV business from manufacturing EV equipment and supplying battery packs to servicing ride-sharing public transport solutions.

To know more about EV strategies of major oil and gas companies in Asia and Oceania, download a free report sample

Market report scope

Major O&G companies in Europe BP, Shell, Polish IOC Orlen, TotalEnergies, Eni, Repsol
Major O&G companies in North America ExxonMobil, Suncor Energy, and Chevron
Major O&G companies in Asia & Oceania Mitsui & Co Ltd (Mitsui), Hindustan Petroleum Corp (HPCL), Woodside Petroleum

 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

Key Players

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

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

Frequently Asked Questions

The major O&G companies in Europe are BP, Shell, Polish IOC Orlen, TotalEnergies, Eni, Repsol.

 

 

 

The major O&G companies in North America are ExxonMobil, Suncor Energy, and Chevron.

The major O&G companies in Asia and Oceania are Mitsui & Co Ltd (Mitsui), Hindustan Petroleum Corp (HPCL), Woodside Petroleum.

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