Oil prices growth above $100 per barrel will stimulate demand for electric cars, while leading world auto producers invest billions into their development, Bloomberg reports.

Fuel prices rose last month to four-year high, and this may influence customers’ minds that may consider making choice of battery cars.

German manufacturers are already getting ready to issue new models. Audi will start selling its electric sport car at the end of this year, Mercedes will follow with EQC in 2019.

In Japan Honda plans to issue hybrid and electric cars models. There will be new model ranges from Chinese manufacturers, BYD Co. and BAIC Motor Corp., that are preparing to compete with Tesla and other global producers. More than a half of world sales are made in China.

Even such luxury models producers as Aston Martin and Porsche participate in the race after battery car technology.

In a whole, number of hybrids and electric cars models will grew by 20% next year to 216. In the second quarter sales grew by 77% compared with last year to 411000 cars.

Such situation will play against oil giants, such as Exxon Mobil and Royal Dutch Shell.

Important moment in e-cars development is creation of necessary infrastructure of charging stations. Enel SpA, Vattenfall AB and Centrica Plc already work on developing such systems.