After a decades-long legacy of dismissing the potentially meteoric rise of electric cars, oil and gas companies are finally changing their tune. In fact, in some sectors Big Oil is doing a complete 180, taking over the “new fuels” industry by buying up electric car charging startups at a breakneck pace. Their timing couldn’t be better. The electric vehicles industry is set to explode. More than 350 new electric vehicle models are on track to debut by 2025, according to a report published by New York-based management consulting firm McKinsey & Company, putting electric vehicles in an ideal position for potential mass-market adoption. It is estimated that global demand for traditional gasoline will hit its peak in just a couple of years, in 2021 approximately, in large part thanks to the growth of electronic vehicles along with fuel efficiency advancements. So far, China is leading the charge toward EV […]