A storm is brewing as Big Oil looks to take on electric utilities that support EVs. Utilities stand to gain if EV adoption rates increase.
Not everyone is applauding this trend. As a recent article in Politico reports, groups backed by oil industry giants including ExxonMobil and the Koch empire are investing millions in campaigns around the country to try to put a stop to utilities’ infrastructure projects.
According to utility commission filings reviewed by Politico, oily interest groups have challenged electric companies’ plans in 10 states, lobbying lawmakers and regulatory agencies against the proposals.