ExxonMobil and Chevron are working together on developing new gasoline formulas that will bring down emissions to compete with electric vehicles.
The two largest U.S. oil companies are making moves to keep gasoline relevant and fight off the challenge from electric vehicles.are road testing renewable gasoline blends that they say could bring down emissions from conventional autos to levels competitive with EVs.
"We really believe there has to be alternatives for the light duty vehicle," Chevron President of Americas Products Andy Walz said at an event on Wednesday. "Electrification is not the only answer."
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