Electric vehicles pose a serious threat to oil companies, according to analysts. While the oil industry has downplayed the potential for disruption by EVs, Fitch Ratings says they pose a "resoundingly negative" threat to oil companies, suggesting preparation for "radical change." With EVs becoming more competitive with their traditionally powered counterparts, and with the potential for rapid uptake in emerging markets like China, demand for petroleum fuels could be severely affected. Loss of revenue could also lead to shareholders to sell off their stakes in oil companies, creating a potential "investor death spiral." Read more at Green Car Reports.
Patent applications reveal some details about Tesla battery swapping. Newly released technical drawings from a 2014 patent filing show what goes on underneath the car during the swap process. It details the "battery pack lift system," and the process of removing, moving, and replacing the battery. While Tesla has been testing its battery swap technology in a pilot program with a small number of owners, there's perhaps more potential for it in commercial applications. Read more at Electrek.