Oil and gas giant Shell is buying ubitricity, a major provider of electric vehicle charging points in Europe.Shell said Monday that it would buy a 100% stake in the Berlin-based startup, without disclosing the price."The move represents a further step in Shell's efforts to support drivers as they switch to lower-carbon transport,'' the company said.The deal, which is subject to regulatory approval, will give Shell ownership of the biggest public EV charging network in Britain with more than 2,700 charge points.Ubitricity also has smaller public networks in Germany and France, and has installed over 1,500 charge points for fleet customers across Europe.The company's focus has been to integrate charge points into existing street infrastructure such as lamp posts, to reduce the cost of laying new power lines down streets.Experts say easier access to charging facilities is key to the successful rollout of electric vehicles.Shell has said it wants to achieve net zero emissions by 2050 or sooner.
The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it, a move that lifted the automaker's stock to a multiyear high.
Funding available for service stations, convenience stores and car washes The Government of Canada is putting more buzz into the country’s zero-emission infrastructure with a new program (launched February 2020) that puts cash in the hands of facility site developers.
Two of Ontario's biggest utilities have formed a new company to create a province-wide fast-charger network for electric vehicles.The Ivy Charging Network is scheduled to have 160 Level-3 fast-chargers at its 73 locations throughout southern, eastern and western Ontario.The Ivy is a limited partnership owned equally by the government-owned Ontario Power Generation and Hydro One Ltd., a publicly traded former Crown corporation that owns the province's largest electric grid.They say the Ivy network will be an unregulated business that can provide a new revenue stream for both companies without affecting Ontario electricity rates.It has selected Greenlots, a member of the Shell Group, to operate and manage the electric charging network.Natural Resources Canada provided an $8-million repayable contribution to help build the electric vehicle charging network.