LONDON (UK) – Royal Dutch Shell announced the acquisition of the owner of Britain’s largest public electric vehicle charging network, ubitricity, on Monday.
The firm has over 2,700 on-street charge points across the UK and the deal is slated to be finalised later this year.
Experts predict the sale of electric vehicles to soar this year as more models enter the market and the governments push for cleaner energy to achieve climate goals.
The European Commission has already revealed its plans to further tighten CO2 limits as part of its bid for a tougher 2030 EU climate goal.
“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.