Woolworths Limited and Wesfarmers Limited who have been big players in the fuel retailing industry might need to view their current position in a different light. Now, with the existence of electric vehicles, there is certainly something different with their presence not just dominating the picture.
While there is an increase of 0.6% from 2014-2015 for the fuel retailers, in general, in terms of revenue, the appearance of new players who offer cheap and energy-efficient transportation would definitely put a dent to the current profit that they are experiencing.
Tesla, one of the new players, offering electric vehicles, are now joining the big league car manufacturers like Mitsubishi, Holden, Nissan, and BMW with their electric and hybrid cars being sold in the market. Not only will Tesla be selling electric vehicles, but they are also looking at including vehicle-charging stations.
The current situation with fuel retailers, taking for example, Coles, which is a subsidiary of [...]