Electric vehicles: a slow-motion car crash for oil firms?

Could electric vehicles be as disruptive to oil and gas firms as renewables are to utilities, and are energy firms taking the risk seriously enough?

In 2007, Germany’s mighty electric utilities appeared invulnerable: they had the power of incumbency, oligopolistic market positions and deep political and regulatory support. But within a decade, the top two – RWE and E.on – had lost more than 80% of their capitalisation amid a low-carbon transition which, while anticipated and planned for, proved far more disruptive and value-destroying than their executives had ever imagined.

The same fate could await other giants of the energy world: oil

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here