The world’s largest independent oil trading house, Vitol Group, has formed a $250-million partnership with Chinese electric vehicle maker BYD to provide EV fleet mobility services in select markets worldwide, the trader said on Wednesday. Vitol and BYD plan to offer municipal, corporate, and other customers a comprehensive solution including electric vehicles, charging infrastructure, and depot design. The joint venture is targeting public and private organizations looking to decarbonize their car fleets through electrification, Vitol said in a statement. Vitol is already in the process of deploying more than 300 electric buses in Bogota, Colombia, and is seeking additional opportunities in South America. The commodity trader is the latest company in the oil industry, boosting investments in clean energy as governments and businesses worldwide set net-zero emission targets. Vitol, which handles more than 7 million barrels per day (bpd) of oil and products, has recently invested in a number […]