The oil industry vs. the electric car

  • 📰 politico
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

Electric vehicles could make up nearly half the fleet of passenger cars and trucks by 2040. But oil and gas companies are striking back.

. And in Maryland, API aligned with convenience stores, gasoline stations and truck stop owners to oppose utilities’ electric vehicle plans.

So far, the oil sector hasn’t had seen much success combating utility plans. Though the American Fuel and Petrochemical Manufacturersa Kansas utility’s decision to withdraw a charging plan last year, analysts say that in most cases where regulators scale back utility plans, they aren’t doing it in response to the oil industry's pleas.

Even so, Stanek, Houston and others expect oil companies to keep up the fight as the threat of electric vehicles grows. Oil groups are also fighting in Congress to oppose tax credits for electric vehicles, pushing lawmakers to increase electric vehicle fees —today — and supporting the Trump administration’s proposed rollback of Obama-era fuel efficiency standards. Auto dealers are one of the prime business sectors allied with President Donald Trump on the rollback.

“People need to actually see electric vehicle charging stations and know that they exist prior to actually purchasing an [electric] vehicle,” said the Maryland regulator, who works in a state where Republican Gov. Larry Hogan wants to see 300,000 electric vehicles in 2025 — up from less than 20,000 today. “As more drivers see public charging pop up at gas stations, libraries and on the side of the road, it'll prompt consumers to think twice when making their next vehicle purchase.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 381. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The irony. Electric utilities can barely keep up with consumer demands. Resorting to shut offs during high peek summer months. Do activist understand that the electrical grinds would have a horrible time dealing with charging millions of vehicles?

GavinBade shocking! get it?

When one political party continues to accept money from and promote laws to protect corporations who are hell bent on destroying lives thru wars, pharma drugs, gun mfg, destruction of air, water and environment, the people who support them are a dangerous threat to us all.

big oil vs. big utilities - do they really care about climate change?

Nobody is shocked by this. However the level of frustration of greed trying to stem progress and cleaner energy is at an all time high.

Auto market is global. Our oil won’t quash demand by the rest of the planet for electric

Vested interests don't take this sort of thing lying down, we shouldn't be surprised. Unfortunately they currently have a corrupt moron in the White House who may facilitate them.

Let's dump the combustion engine now. Get rid of it altogether. Big oil wants to win America over again. Not going to happen.

elonmusk

Good 👏👏👏

Surprise Surprise

United States United States Latest News, United States United States Headlines