Shell will be engaged in electrification

Shell will be engaged in electrification

February 12, 2021 0 By autotimesnews

Oil giant Shell aims to create 500,000 EV charging stations around the world by 2025 as part of its core commitment to zero emissions.

The Anglo-Dutch oil giant has made it clear that it intends to phase out its oil production, which peaked in 2019, while expanding its efforts in renewables, biofuels and hydrogen.

Shell recently turned its attention to charging for electric vehicles, opening its first UK electric vehicle charging site last year and acquiring electric vehicle charging firm Ubitricity.

The company currently has about 60,000 EV charging points worldwide under the Shell, Ubitricity and NewMotion brands, and CEO Ben van Beurden has pledged to increase that number to “over half a million” by the end of 2025. Shell did not provide specific details on how many EV chargers it plans to install in individual markets. It currently uses EV chargers in 14 countries.

In addition, Shell will also begin producing green biofuels at its existing refineries and intends to dramatically increase production and sales of hydrogen, both for hydrogen-powered vehicles (FCEV) and for residential heating.

Note that with electric vehicle ownership becoming more popular and more stringent emissions legislation, several major oil giants are looking to expand their interests in building charging stations. In 2018, BP bought Chargemaster for £ 130 million, gaining the largest electric vehicle charging network in the UK.