PA Consulting’s Michael Schweikl, automotive expert, is quoted in an article on the electric vehicle market and whether this is an opportunity or threat to the petroleum majors.
Michael says: “Oil and gas companies will need to embrace new business models and new approaches, but with the right investments and strategic approach, they can create new business and new revenue streams.”
Michael goes on to comment: “Charging stations at petrol stations give companies a way into providing broader services.”
Later in the article Michael talks about the reason behind oil majors’ investments: “Fast-charging investments do not pay – ROI can be 20 to 30 years. While the oil majors are investing in them, they are doing it to repurpose existing assets rather than to make money.”