Oil giant Shell to Acquire Large Electric Charging Company 2 weeks ago

In a move to stay ahead of the market, multinational oil and gas company Shell has announced that they will acquire large electric charging company NewMotion. NewMotion is Netherlands-based and has supplied over 30,000 private stations and 50,000 public stations throughout Europe. This marks a change in the relationship between big oil and the industry that is effectively working to replace them as the better alternative.

While this acquisition is of importance, oil and gas company Total based in France had gone in this direction earlier in the year when they bought out PitPoint, a gas company which is also involved electric vehicle charging points. Shell’s VP of new Fuels Matthew Tipper says the “announcement is an early step towards ensuring customers can access a range of refueling choices over the coming decades, as new technologies evolve to co-exist with traditional transport fuels”.

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