Shell Acquires EV Charging Network

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Jan. 25, 2021— Royal Dutch Shell is acquiring ubitricity, the UK’s largest public electric vehicle charging network, Reuters reported Monday

“This acquisition marks Shell’s expansion into the fast-growing on-street EV charging market and will provide critical competencies, helping Shell to scale its overall EV charging offer,” Shell said in a statement.

The deal is expected to be completed later this year and will give Sheel ownership of over 2,700 on-street charge points in the UK. 

Shell is aiming to become a net-zero emissions energy business by 2050 or sooner. 

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