The expected rapid growth in the use of electric vehicles in the coming decades is threatening oil companies' business model.
BP is in talks with electric vehicle makers on partnering to offer battery re-charging docks at its global network of fuel service stations as it seeks to benefit from the move away from diesel and petrol cars, chief executive Bob Dudley told Reuters on Tuesday.
The expected rapid growth in the use of electric vehicles in the coming decades is threatening oil companies' business model as demand for some road fuels could plateau as early as the late 2020s, according to some oil company estimates.
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