This holiday season, all of our Supporters are entered to win an $800 Shopping Spree Giveaway!

LONDON — Oil company Shell has signed an agreement to buy electric vehicle charging firm NewMotion. It did not disclose terms.

The company, which will become a wholly owned subsidiary of Royal Dutch Shell, operates more than 30,000 private electric charge points for homes and businesses in the Netherlands, Germany, France and the U.K.

Shell’s Vice-President for New Fuels, Matthew Tipper, says Thursday that the deal will give customers “flexibility to charge their electric vehicles at home, work and on the go.”

Shell has insisted it is planning for the day when demand for oil starts to fade. CEO Ben van Beurden has promised to look at “very aggressive scenarios” to remain competitive in a world that gets more of its energy from renewable sources and less from crude oil.

The Associated Press

Report an error

Read our guiding principles

Thanks for reading!

This holiday season, we want to give back to the people who have supported us this year!

We have partnered with local businesses to create an $800 Shopping Spree Giveaway! One of our Supporters will win the giveaway on December 2 and anyone who becomes one by December 1 will be entered to win as well.

More stories you might like