Shell will, more likely than not, have big challenges staying anywhere near its current size as the world transitions to. electric vehicles. But it sure is building a big foothold in the EV charging realm so that it at least has that diversification offshoot to profit off of.
For the past several years, Shell has been buying up EV charging networks, including some very large ones. The most recent EV charging news from the oil giant is that it’sevpass charging station map, courtesy ofThe network makes up a third of Switzerland’s EV charging stations. It was founded 7 years ago, in 2016, and prior to this Shell acquisition, it was owned by Eaton, FMV , and AEW .
How much does Shell intend to grow its EV charging business? We’re talking millions of EV charging stations. “Shell has a target to operate over 500,000 charging points worldwide by 2025 and 2.5 million by 2030,” the company states. Switzerland is not the biggest country in the world, but it is one piece of that plan. “Switzerland is an important market for our Mobility business where we plan to rapidly expand the number of EV charge points offered at our stations and destinations like supermarkets, hotels and car parks,“ said István Kapitány, Global Executive Vice President of Shell Mobility.