Climate Changed
Exxon Is Not Threatened by Tesla
- Electric cars not a true threat any time soon, executive says
- New-age autos seen growing to just 6% of the market by 2040
Why Electric Cars Aren't Taking Over Yet
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Exxon Mobil Corp. says the existential threat to oil producers from electric cars is overblown.
Despite concern that electrification will render obsolete the gasoline-fueled internal combustion engine, the world’s biggest crude explorer says the 158 year-old oil industry won’t go gentle into that good night.