Fuel Retailers Going EV Friendly As 50% Of Global Car Sales May Be Electric By 2033 [Forbes]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Forbes
There is a gradual change afoot at fuel forecourts in several markets, whether developed or developing, being led by none other than the refining and marketing units of energy behemoths, including the top 20 international oil and gas companies ranked by market capitalization – that's the increasing visibility of electric vehicle (EV) charging points. In Europe, much of the drive is being led by BP, Shell, Equinor (formerly Statoil) and Total, and stateside Chevron and ExxonMobil are doing likewise. What's more, given most of the aforementioned operators are global in their outlook and operations, EV charging points are proliferating with their global portfolio and branding. Oil giant BP's move offers an interesting case study in Mexico. In 2017, it became the first oil major to enter fuel retailing in the country, and kicked off 100 retails points, many of which are equipped with EV charging points. Fuel retailers are increasingly going EV friendly as 50% of glob
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