Electric Vehicles (EV) in Oil and Gas – Thematic Research

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The automotive industry is undergoing a profound period of disruption as four concurrent megatrends are shaking up business strategies. They are connected cars, autonomous vehicles, shared mobility services, and electrification, or ‘CASE’. In addition, the industry is still reeling from the impact of the global COVID-19 pandemic, which has put unprecedented pressure on company finances, infrastructure, and supply chains.

What are the market dynamics in the electric vehicles industry?

Of the four megatrends CASE, battery electric vehicles (BEVs) are the most critical at this moment in time. Across the industry, automakers and suppliers are announcing bold strategies to pivot away from producing combustion vehicles and toward electric models. This has seen many companies race to secure vital supplies of batteries, EV components, and the raw materials needed to create them.

The global oil and gas industry is facing headwinds from environmentalists on fossil fuel usage to contain its impact on climate change. Oil majors are aligning their businesses to facilitate the global transition from internal combustion engine (ICE) to EV. The profits that they generate from core oil and gas operations will be used to finance their investment in clean energy technologies, including EV charging infrastructure. Most companies have taken the acquisition route to add EV charging technology to their portfolio. China had the largest electric vehicle fleet by the end of 2021 while Europe’s EV fleet grew at a faster rate than China.

What is the regional and country-level outlook of the electric vehicles market in the oil and gas industry?

China moved faster than other nations to secure EV raw material supplies and production capacity. The country has aggressively built out its EV production capacity, with all the major Chinese automakers now offering multiple electrified models. As a result, China’s share of all EVs on the road has risen in 2021 to 60%, followed by Europe and the US. Western Europe and North America follows China in terms of production of EV. The popularity of EV in China is driven by popular, affordable models. Central and Eastern Europe are likely to see EV production growth in the future, in line with existing growth in automotive production in the region.

EV production capacity market, by region

EV production capacity market, by region

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What are the key EV trends impacting the oil and gas industry?

The key electric vehicle trends impacting the oil and gas industry are growing presence in EV charging, potential opportunities in battery swapping, and catering to battery manufacturing.

What are the key segments in the EV driving technology stack?

The key segments in the electric vehicle driving technology stack are batteries, semiconductors, auto components, and charging stations.

Lithium, cobalt, nickel, aluminum, cadmium, and zinc are among the most common metals used as raw materials for battery. The two main battery components are electrodes called anodes or cathodes and electrolytes. Countless different types of semiconductor chips are used in almost all vehicle types today. An electric drivetrain is simple compared to an ICE drivetrain as it comprises only a handful of components. The key to the automotive industry is the auto parts suppliers and key among those are the Tier-1 suppliers. A key element in shrinking the cost of electronics in electric vehicles lies in the economies of scale that these Tier-1 suppliers can deploy.

EV market, by segment

EV market, by segment

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What are the major oil and gas companies associated with the EV industry?

Some of the major oil and gas companies associated with the electric vehicle industry are BP, Eni, OMV, PKN, Orlen, Repsol, Shell, and TotalEnergiesz.

EV market in oil and gas industry, by major oil and gas companies

EV market in oil and gas industry, by major oil and gas companies

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Which are the major EV companies in the oil and gas industry?

Some of the major electric vehicle companies in the oil and gas industry are BAIC, BMW, BYD, Byton, Chang’an, Dongfeng, Daimler, FAW, Ford, Foxconn, GAC, Geely, and General Motors.

EV market in oil and gas industry, by major EV companies

EV market in oil and gas industry, by major EV companies

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Market report scope

Segmentation by type Batteries, Semiconductors, Auto Components, and Charging Stations
Major oil and gas companies BP, Eni, OMV, PKN, Orlen, Repsol, Shell, and TotalEnergiesz
Major EV companies BAIC, BMW, BYD, Byton, Chang’an, Dongfeng, Daimler, FAW, Ford, Foxconn, GAC, Geely, and General Motors

This report provides:

  • An overview of the global evolution of electric vehicles.
  • Analysis of the EV value chain and how it is impacting the oil and gas business.
  • An overview of the competitive positions held by oil and gas companies, and auto vendors in the EV theme.
  • EV case studies by the oil and gas players.

Reasons to Buy

  • Evaluates the EV value chain and highlights major players in each segment
  • Impact analysis of EVs on oil and gas industry
  • Review of some of the case studies highlighting the EV-related infrastructure by the oil and gas players
  • Identify and benchmark key oil and gas companies and their role in the EV theme
  • Identify and benchmark key auto vendors invested in the EV market

Table of Contents

Executive Summary 4

Impact on the Oil and Gas Industry 5

Case Studies 8

Players 9

Technology Briefing 10

Trends 18

Oil and gas trends 18

Technology trends 19

Macroeconomic trends 23

Regulatory trends 26

Industry Analysis 27

Market size and growth forecasts for EVs 27

The dynamics of the lithium market 30

Competitive analysis 31

Mergers and acquisitions 33

Timeline 35

Value Chain 36

Batteries 37

Semiconductors 40

Auto components 41

Assembly 43

Charging stations 44

Companies 45

Oil and gas companies 45

EV companies 47

Sector Scorecards 58

Integrated oil and gas companies’ scorecard 58

Glossary 61

Further Reading 63

| Our Thematic Research Methodology 64

| About GlobalData 68

| Contact Us 69

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