Oil companies and utilities won’t dispute that electric vehicles are on the cusp of becoming mass market. Their battle will be more over which business will dominate the booming charging infrastructure that will go along with it. BP and Shell have charging company acquisitions in the works , with Europe being a key market for EV in-frastructure growth. Utilities see huge potential in the surging demand for electric power that would accompany predicated high-volume EV sales in the next decade and beyond. Power companies are working closely with global automakers building EVs, said Erik Fairbairn, CEO of Pod Point, one of the UK’s largest EV charging companies. The oil industry “is realizing if they get this wrong then the requirement for them in the future is significantly diminished,” he said. Demand is expected to grow as new vehicle buyers express growing interest in EV purchases in the near future, […]