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Shell oil company to buy electric vehicle charging providers

The oil and energy company Shell has signed an agreement to buy electric vehicle charging firm NewMotion; it has not disclosed the terms of the deal.

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 UK.

Shell’s Vice President for New Fuels, Matthew Tipper, said 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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