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Charging Wars: Why Oil Giants Are Betting Big on EV Infrastructure
The energy landscape is undergoing a seismic shift as traditional oil companies pour billions into EV charging networks. What was once seen as a threat to their core business has become the industry's most strategic opportunity—here's why fossil fuel giants are leading the charge in electrification. The Great Pivot: Oil Majors' EV Investments • Shell: 500,000 global charge points by 2025 (10x increase since 2021) • BP**: $1B+ in charging startups (including $130M in IoTech
AFAX POWER
Apr 25, 2025
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