• ExxonMobil, Shell Looking Closer at the Electric Vehicle Charging Business

    7 days ago - By Fortune

    Big oil companies are looking at charging stations for electric vehicles , according to a new report from the Atlantic Council think tank.
    Such international oil companies as Shell and ExxonMobil are investigating a move into providing places where EV owners can plug in and juice up. The development “appears to be part of a hedging strategy to capture an emerging, albeit perceived to be marginal, market segment,” the report read.
    One reason gasoline-powered vehicles proliferated was the growth of fueling stations. If cars ran low on fuel, drivers could tank up. A 15-gallon tank in a car...
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