Shell has announced plans to buy Ubittricity, a German street electric charging company.
The oil giant is under increasing pressure to reduce its carbon emissions. Shell is planning for the “green” former bishop, which includes electric charging and biofuels.
The transaction is expected to close by the end of the year, and is a major step in the electric vehicle charging race as the deadline for 2030 is to ban the sale of new fossil fuel vehicles.
“We are pleased to announce that István Kapitány, Head of Global Mobility Business at Shell, said:
“We want to provide our customers with accessible and affordable EV charging options, whether at home, at work or on the go, so that they can charge them wherever they are.”
Ubittricity has over 2,700 charging points in the UK and over 1,500 charging points in Germany and France.
Ubittricity CEO Lex Hartman commented: “In particular, in large cities where access to off-street parking is limited, this is a solution that many people are waiting to move to EV ownership. Existing EVs in the pieces and shells of this puzzle Combining the range of charging solutions allows EV drivers to access the full range of charging options, making the shell and Ubittricity a perfect match.”
