Shell Aims to Install 50,000 EV Charging Posts in the UK by 2025
September 01 2021 - 4:28AM
Dow Jones News
By Jaime Llinares Taboada
Royal Dutch Shell PLC said Wednesday that it aims to install
50,000 electric vehicle charging posts in the U.K. by the end of
2025.
The Anglo-Dutch oil-and-gas major said its ambition is to have
the on-street charging posts installed through ubitricity--an EVs
charging company which it acquired in February.
Shell said this move is part of an effort to provide charging to
drivers without private parking, and will support U.K. local
authorities with a financing offer to install on-street chargers at
potentially zero cost.
"More than 60% of households in English cities and urban areas
do not have off-street parking--this rises to 68% for people living
in social housing," Shell said.
The energy company intends to grow its global network of EV
charging points to 500,000 by 2025 from 60,000 currently.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
September 01, 2021 04:13 ET (08:13 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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