Even oil companies have begun to realize the future will not be nearly as reliant on fossil fuels, and Royal Dutch Shell is moving to safeguard its future business. The Dutch oil company acquired NewMotion, an electric-car charging station firm, for an undisclosed price. DON'T MISS: Shell fuel stations in U.K., Netherlands to add electric-car... Shell buys its first electric car charging station firm in Europe
Even oil companies have begun to realize the future will not be nearly as reliant on fossil fuels, and Royal Dutch Shell is moving to safeguard its future business. The Dutch oil company acquired NewMotion, an electric-car charging station firm, for an undisclosed price. DON'T MISS: Shell fuel stations in U.K., Netherlands to add electric-car... 
The prospect of bans on gasoline and diesel new-car sales have become a much greater threat not only to automakers but to oil companies as well, now that China has said it is studying such a move. The world's largest car market has not announced any timetables for such a ban, which will likely be implemented to give domestic automakers the maximum... 
Anticipating a possible decrease in fossil-fuel consumption from the mass deployment of zero-emission vehicles, one of the world's largest oil companies is hedging its bets. Royal Dutch Shell is becoming increasingly involved in hydrogen fueling infrastructure, which will be needed if fuel-cell vehicles are ever to grow beyond their current... 
If electric cars are adopted by mass-market buyers in years to come, that will lead over time to notably lower oil consumption. So what are oil companies doing to prepare for that possible outcome? Some continue to doubt whether electric cars will constitute a serious threat to their business in the coming decades—but others are branching... 
The rise of electric cars has led many analysts to make predictions about the future of the oil industry. ExxonMobil and OPEC have both made statements indicating confidence that the majority of vehicles on the world's roads will continue to be powered by fossil fuels for the next few decades. But Shell recently made a prediction that is a bit...