The big oil companies are betting on the electric carThe...

The big oil companies are betting on the electric carThe investment of 20 million dollars recently carried out by British Petroleum (BP) to buy StoreDot, an Israeli company dedicated to the development of ultra-fast charge batteries, is little compared to the billions of dollars that the British energy company it invests every year in gas and oil.However, it reflects the interest of the sector in securing a good position in the technological development of the electric car that, according to many analysts, will diminish the global demand for oil. StoreDot's has not been BP's first operation in this field; In May, the company signed an alliance with NIO Capital, a Chinese group that invests in advanced mobility technology and, in January, acquired a stake in FreeWire, a specialized US company (like StoreDot) in fast-charging batteries.Royal Dutch Shell bought New Motion last year, the Dutch operator of one of Europe's largest charging infrastructures for electric cars. And Total is developing the new generation of technology for electric vehicles through Saft, a battery company that the French company bought in 2016 for 1.1 billion dollars.