Nov. 27, 2017: Royal Dutch Shell (RDS.A, RDS.B) says it has signed an agreement with a joint venture of major automakers to deploy electric vehicle charging points at its refueling stations on European highways.
Shell says its agreement with IONITY – a joint venture between BMW (OTCPK:BMWYY), Daimler (OTCPK:DDAIF), Ford (NYSE:F) and Volkswagen (OTCPK:VLKAF, OTCPK:VLKAY) – initially will bring high-powered docks to 80 highway sites in 2019.
While electric vehicles still account for only a small fraction of the global car market, Shell sees the global electric vehicle fleet growing to as much as 10% of the entire auto fleet by 2025, displacing oil demand equating to ~800K bbl/day.
MSN