Tags: APFN | EU | Britain | Shell

Shell to Buy Electric Vehicle Charging Providers

Thursday, 12 Oct 2017 09:38 AM

LONDON (AP) — Oil company Shell has signed an agreement to buy electric vehicle charging firm NewMotion. It did not disclose terms.

The company, which will become a wholly owned subsidiary of Royal Dutch Shell, operates more than 30,000 private electric charge points for homes and businesses in the Netherlands, Germany, France and the U.K.

Shell's Vice President for New Fuels, Matthew Tipper, says Thursday that the deal will give customers "flexibility to charge their electric vehicles at home, work and on the go."

Shell has insisted it is planning for the day when demand for oil starts to fade. CEO Ben van Beurden has promised to look at "very aggressive scenarios" to remain competitive in a world that gets more of its energy from renewable sources and less from crude oil.

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Oil company Shell has signed an agreement to buy electric vehicle charging firm NewMotion. It did not disclose terms.The company, which will become a wholly owned subsidiary of Royal Dutch Shell, operates more than 30,000 private electric charge points for homes and...
APFN,EU,Britain,Shell
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2017-38-12
Thursday, 12 Oct 2017 09:38 AM
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