Shells Signs Deal With Car Makers For Electric Vehicle Charge Points

Lloyd Doyle
November 28, 2017

Royal Dutch Shell is partnering with worldwide carmakers to offer ultra-fast chargers on highways in Europe, beating rivals to the punch in a race to remove one off the largest obstacles the electric vehicle sector still faces. Following our recent agreement to buy NewMotion, one of Europe's largest charging providers, and the launch of Shell Recharge fast chargers at selected Shell forecourts in the United Kingdom, we are increasingly offering reliable charging solutions for electric vehicle customers - whether they are at home, at work or on the road.

Shell shares are down 10.50 pence, or 0.5%, at 2327 pence at 1427 GMT.

Running cars on something other than gas stands to greatly reduce the world's need for oil.

The company claims the high-powered chargers will take five to eight minutes on average to charge next-generation electric vehicles, making them up to three times faster than any other charger now available to drivers.

Rival BP (BP.L) said in August that it was talking to electric auto manufacturers on deals to offer battery recharging docks at its stations.

Shell opened its first rapid-charging point for electric cars at gasoline stations in the United Kingdom last month.

Nevertheless, manufacturers have been struggling with offering solutions to help drivers go beyond just short journeys, mostly staying in cities, because of the limitations of batteries, few charging stations and the length of time to charge.

With the IONITY technology, cars with advanced charging capacity of up to 350 kilowatts will take as little as five to eight minutes to charge, Shell said. It now can take up to several hours for a charge to complete on a regular electric battery.

The 80 charging stations will be deployed in Belgium, Britain, France, the Netherlands, Austria, the Czech Republic, Hungary, Poland, Slovakia and Slovenia.

Shell will invest in changing power supplies to its stations to meet growing demand, he said, declining to disclose the size of the investment or terms of the IONITY deal. IONITY's goal is to place charging stations roughly 120 kilometers apart. It's unclear whether these will be offered under its own Shell Recharge service, or as an independent service.

Other reports by Iphone Fresh

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