BP has begun talks with electric vehicle (EV) manufacturers to develop a new generation of battery packs for its fleet of vehicles. BP’s first American CEO also said BP could not identify at the moment any attractive opportunities in the U.S. shale industry, where it has a smaller production interest compared with Exxon Mobil(XOM.N), Chevron (CVX.N) and Shell. CEO Bob Dudley said that BP expects the EV market to grow significantly in the coming years, with 100 million EVs on the roads worldwide by 2035, up from 1.2 million two years ago.
BP has begun talks with electric vehicle (EV) manufacturers to develop a new generation of battery packs for its fleet of vehicles. CEO Bob Dudley said that BP expects the EV market to grow significantly in the coming years, with 100 million EVs on the roads worldwide by 2035, up from 1.2 million two years ago.