How The Car Lobby And Oil Companies Are Slowing The Shift To Electric VehiclesOutwardly, car manufacturers celebrate electric mobility, but behind the scenes, they are fighting to keep the internal combustion engine alive for as long as possible. For car manufacturers and oil companies, it means that a business model which has secured them enormous profits for decades is beginning to falter. Admittedly, part of this is spent on electric cars, which have long since become a major selling point in their own right. The same EIB study shows that Chinese car buyers are the most likely to purchase an electric car. A report by the European Environment Agency on electric cars also predicts that their benefits will continue to grow over time.