An few months old but with the recent Tesla Semi and all of the talks of electric vehicles, makes a ton of sense for Shell to be an energy company, not just “oil”.–
Royal Dutch Shell (RDSA) revealed a deal on Thursday to acquire NewMotion, one of Europe’s largest electric vehicle charging providers. NewMotion specializes in converting parking spots into electric charging stations. The Dutch firm has more than 30,000 electric charge points in Europe.
The acquisition, Shell’s first in this space, shows how Big Oil is being forced to confront the long-term threat posed by electric cars and efforts to phase out gasoline and diesel vehicles.