On Wednesday, in a statement Royal Dutch Shell announced its plans to significantly expand its network of electric vehicle charging points in Britain.
Shell plans on installing 50,000 on-street charging stations by 2025; it plans on implementing its plan through ubitricity, an on-street charging point company that it acquired earlier this year in February.
Incidentally, ubitricity already operates nearly 3,600 charging stations in Britain.
Britain plans on banning the sale of new petrol and diesel cars by 2030.
The development will help a government effort to rapidly expand Britain’s electric vehicle (EV) fleet in line with a target to reduce carbon emissions to net zero by 2050.
According to a recent government report, between 280,000 and 480,000 charging points will be needed in Britain by 2030. Currently Britain has 25,000 charging points.
To support its expansion of charging points in Britain, Shell plans to help local authorities finance their installations.
Incidentally Shell did not spell out details on the cost of the initiative; however what is clear is that it will make money by selling power at its charging points.
Shell aims to grow its global network of electric vehicle charging points from over 60,000 points today to 500,000 in 2025 as part of its strategy to become a net zero emissions company by mid-century.