What is the future of Big Oil without oil? At the extreme of this approach are the pathways sketched out by BP and Italian oil group Eni SpA. These companies claim that in the next decade they will come to resemble a cross between a slimmer version of a traditional oil company and what’s today more like a utility (with, yes, a coffee-selling convenience store chain for drivers of electric vehicles). As the legacy business fades, the theory goes, investments in renewable electricity, biofuels, and EV charging points will pay off.
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If they expect EV charge pints to pay off good luck to them, 60% of car owner could not consider an EV due to living in apartments, cost etc etc, there will be far fewer cars on the road, more taxes to pay to replace that lost through fewer cars, less mechanics, higher insurance the list goes on and on.