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Tuesday, 26 January 2021

UBITRICITY BOUGHT BY SHELL

Royal Dutch Shell is to buy the owner of the UK's largest electric vehicle charging network as it moves to cover the shift away from fuel-powered cars.

The company said that ubitricity has more than 2,700 on-street charge points.

Shell did not reveal how much it was to pay but said it expected to complete the transaction later this year.

The move follows fierce fuel rival BP, which bought Chargemaster in 2018 for £130m as the industry eyes an electric vehicle future amid efforts to combat climate change - 
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