Amber Bantz

Fueling the future: Preparing the downstream oil and gas industry for the mobility revolution

Blog Post created by Amber Bantz on Feb 2, 2018

The increasing adoption of electric vehicles will ultimately have a profound impact on oil refining, retail fuel and lubricants demand. Oil and gas companies know this.

 

And yet, it’s common to underestimate how the confluence of multiple forces outside the oil and gas industry will increase the velocity and impact of the switch to the electric from the internal combustion engine. Specifically, we believe the introduction of autonomous vehicles, coupled with Mobility as a Service, will combine with additional societal and technology trends to drive a more precipitous disruption than typically expected, one which is likely to pull electric vehicles into the market and shift the composition of the fleet much quicker than currently anticipated.

These external forces will usher in a fundamentally new transportation paradigm and begin to disrupt downstream companies in the coming years. What currently seems like a slow-moving threat may have more near-term business implications.

Downstream oil companies may struggle with preparing for a disruption with an unclear, yet potentially accelerated, timeline. An approach to transformation that takes measured steps and addresses hotspots first can strike the balance between protecting today’s business and building tomorrow’s.

Read full paper.

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