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...It also owns assets including petrol station operator Motor Fuel Group and part of car windscreen repair company Belron. CD&R has explored the possibility of selling MFG....
...The grocer acquired 350 petrol stations and more than 1,000 food-to-go sites which were previously owned by EG Group. CD&R bought MFG for £500mn nearly a decade ago....
...Much of that growth came from China, where two-thirds of electric cars were already cheaper to purchase than their petrol equivalents, the IEA found....
...Many car buyers are now balking at the prices of EVs compared with hybrids and petrol or diesel cars — particularly amid the rising the cost of living in recent years....
...EVs are still more expensive to make than petrol cars, partly because of the high cost of minerals required for their batteries....
...for Elon Musk, five years after he stunned the German auto industry by announcing he would build his first gigafactory in Europe next to Berlin, throwing the gauntlet to an industry still in thrall to petrol...
...EV sales have continued to rise to record levels globally, but at slower rates than expected as mass market customers have balked at higher prices compared with petrol alternatives....
...Unlike legacy manufacturers, it does not have petrol models to fall back on, and nor does it make hybrids, whose sales have picked up over the past year as buyers opt for something less than fully electric...
...investor event in June 2022, Scherr told the audience that corporate customers would rent EVs to achieve their “net zero” emissions-cutting objectives and ride share drivers would prefer EVs to avoid high petrol...
...Icahn later became a vocal critic of a federal mandate to mix biofuels into petrol supplies or buy credits to make up the shortfall, a stance which attracted controversy when he briefly served as a special...
...“Vladimir Putin is also the CEO of Russia Oil Inc and he understands the dynamics of the market very well,” Yergin said....
...But leading oil producers including Saudi Arabia are betting that petrochemical demand will continue to rise even if demand for petrol-driven vehicles falters, and it is investing in Chinese petrochemical...
...Wilkinson contrasted that with what NCR is working on with its big customers: grocery stores, petrol stations and restaurants. “They are all very concerned about sustainability,” he said....
...One could mention elevated petrol prices, or a further deterioration in housing from 8 per cent mortgage rates, or inflation turning up....
...More EV use may in turn mean less petrol burnt in the years ahead. The latest deal was the $18.8bn sale of pipeline company Magellan Midstream Partners to rival Oneok this week....
...Petrol-powered vehicles, by contrast, are selling in 60 days....
...CD&R’s other assets include Motor Fuel Group, the UK’s largest independent petrol station operator, and car windscreen repair group Belron....
...Gaines said he wanted to buy an EV because the family wanted a second car, and he could not justify the carbon emissions of owning a second petrol-powered vehicle. They ordered the Mach-E in November....
...It also operates more than 900 petrol stations in eastern Canada and New England in the US and distributes refined fuel products. The only refinery in Ireland is operated by Irving Oil....
...Nor did the US’s decision to release millions of barrels of oil from its Strategic Petroleum Reserve last year in an effort to lower petrol prices....
...Buying an electric car using a pay-monthly approach is cheaper than petrol models in some segments, dealers say....
...Brendan Jones, chief executive of Blink Charging, said Tesla’s move did not signal that fast charging was becoming a commodity service such as filling up at a petrol station....
...Since the 2020 SolarWinds hack — dubbed Sunburst — hackers have succeeded in taking the Colonial Pipeline network offline with a ransomware demand, prompting petrol shortages in parts of the US, breached...
...This followed a government exemption allowing veterans to obtain funding for HGV driver courses to solve trucker shortages that led to empty supermarket shelves and petrol station shutdowns in 2021....
...Ruscha made six paintings of the Standard petrol stations, including two that feature an imagined fire, which “totally disrupts the pristine angularity of the picture”, says Ana Maria Celis, head of Christie...
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