Royal Dutch Shell on Wednesday announced plans to widely expand its network of electric vehicle charging points in Britain, with the goal of installing 50,000 street stations by 2025.
Shell will implement the plans through Ubitricity, an on-street charging point company it acquired in February and which operates around 3,600 chargers in Britain.
The expansion is part of a government-backed effort to rapidly increase Britain’s electric vehicle (EV) fleet, in line with the goal of reducing carbon emissions to net zero by 2050. Britain also plans to ban the sale of new gasoline and diesel cars by 2030 .
According to a recent government report, between 280,000 and 480,000 charging points will be needed in Britain by 2030, compared to 25,000 points today.
To support the expansion of its charging point in Britain, Shell plans to help local authorities fund its installation.
The Anglo-Dutch company, which did not give details about the cost of the initiative, will profit from the sale of energy at the recharge points.
Shell intends to increase its global network of electric vehicle charging points from more than 60,000 points today to 500,000 by 2025 as part of its strategy to become a net zero emissions company by mid-century.
© Thomson Reuters 2021