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Sunday, October 15th, 2017

Shell buys NewMotion charging network in first electric vehicle deal

Author:     Karolin Schaps
Source:     Reuters
Publication Date:     OCTOBER 12, 2017
 Link: Shell buys NewMotion charging network in first electric vehicle deal
Stephan:   This is a very important story about a very important trend, in my view, and excellent news. It shows a large carbon energy provider planning for the future. Because of the policies in Europe one effect is that the petroleum industry is forced to move to alternatives if they are to survive. You can see the same trend in the story I ran about GM yesterday. Multinational corporations based outside of the U.S. get it. The Netherlands will be all electric by 2040 as a matter of national policy. Meanwhile the United States is underwriting coal, and  hampering non-carbon energy technologies. It is very strange to watch one's country sabotage itself with almost no discussion.

New Motion Electric Charging Station
Credit: Self Driving Cars

AMSTERDAM — Royal Dutch Shell (RDSa.L) has agreed to buy Dutch-based NewMotion, the owner of one of Europe’s largest electric vehicle charging networks, marking the company’s first deal in electric mobility as demand for cleaner vehicles is expected to soar.

Shell said NewMotion, which manages over 30,000 charging points for electric vehicles in Western Europe and offers access to thousands more, will operate in parallel to Shell’s program of rolling out fast charging points at its forecourts.

“They’re complementary offers. One is fast charging on the go on the forecourt and the other is a slightly slower rate of charge at the workplace or at home. At this stage there are no plans to integrate the two,” Shell’s vice-president for new fuels, Matthew Tipper, told journalists.

Shell is installing electric vehicle charging points at retail stations in Britain, the Netherlands, Norway and the Philippines.

Demand for electric vehicles is expected to rise significantly in coming decades and Morgan Stanley estimates that 1-3 million public charging points could […]

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