S-Oil chief voices concern about electric vehicles

Home > Business > Industry

print dictionary print

S-Oil chief voices concern about electric vehicles

The chief executive of S-Oil said Tuesday that the expansion of electric vehicles is only a matter of time, underscoring concern that the spread of zero-emission cars could undermine the refiner’s profit growth.

Korean and global carmakers have been racing to go electric amid tightened regulations around the world on greenhouse gas emissions that scientists say are to blame for global warming.

“Tightening environmental regulations around the world and technological innovation related to EVs are posing threats to us,” Othman Al-Ghamdi said. “The expansion of EVs is only a matter of time, and the direction of change is almost certain.”


More in Industry

No dial tone for 2G services on LG U+ starting in June

Ironing out an air corridor took decades

Kia reinvents itself, promising 'movement that inspires'

Hanwha Energy teams up with France's Total in U.S.

Scatter Lab investigated, but not for odd messages

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now