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Stock impact report

The transformative impact of electric vehicles on the oil and gas sector [Yahoo! Finance]

TotalEnergies SE Ordinary Shares (TTE) 
Company Research Source: Yahoo! Finance
With 10.4 million battery-electric vehicles (BEVs) sold globally in 2024—accounting for 14% of new personal vehicle sales—industry players are under increasing pressure to adapt to changing market dynamics. This report explores how EVs are shaping the oil and gas landscape and the imperative for industry players to evolve their operational models. As governments in select markets—most notably Europe—advance plans to phase out internal combustion engine (ICE) vehicles through regulatory mandates and incentives for electrification, the long-term outlook for transport fuel demand is increasingly under scrutiny. For oil and gas companies, this shift marks a critical moment of reflection, requiring strategic reassessment of how they position themselves in a world that is steadily electrifying. Leading oil and gas companies recognise the need to adapt by extending their downstream strategies beyond conventional fuels. It involves investing in EV charging infrastructure and forming partn Show less Read more
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