Shell acquires electric vehicle charging company NewMotion, preps for a future without crude

Shell acquires electric vehicle charging company NewMotion, preps for a future without crude

Posted on Posted in 2017 Business Opportunities For You, Tech News, Technology, What's Trending Now

 

Royal Dutch Shell, or commonly known as Shell, has already committed a billion dollars toward alternative fuels, and now it’s showing us where some of that money is going. According to Reuters, the gas station corporation has agreed to buy NewMotion, a Netherlands-based company that owns some 30,000 electric-vehicle charging points across Western Europe.
 
Shell says that these will complement the company’s existing roll-out of charging stations. “One is fast-charging on-the-go on the forecourt and the other is a slightly lower rate of charge at the workplace or at home,” said Matthew Tipper, Shell’s vice-president of new fuels. “At this stage, there are no plans to integrate the two.”

 

 

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Shell is installing electric vehicle charging points at retail stations in Britain, the Netherlands, Norway and the Philippines, according to Reuters.
 
While these won’t be Shell’s first foray into building an EV-ready infrastructure, it shows that the company is planning for a future where petroleum-based fuels won’t be as prevalent. For you and me, that should translate to range anxiety (potentially) becoming a thing of the past.

 
 
 

 

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