Oil seller turns to EVs

JXTG Nippon Oil & Energy Corp. is looking to start an EV car-sharing service at gas stations to help offset the expected decline in oil revenues. Tsutomu Sugimori, president of Japan’s biggest fuel seller says that it is inevitable that EVs will become more and more prolific, so renting out battery-powered cars and other related services will become necessary for gasoline retailers “There is no point discussing how much and when EVs will become popular as people will shift to EVs to a point where it will have an impact at some time in the future,” Sugimori said in an interview in Tokyo. “As we don’t know the timing, we must start preparations now.”