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Energy

Shell plans to increase installation of electric vehicle charging stations by 2030

Shell says it will install the chargers to help Britain reach its target of no fossil fuel cars by 2030 and to address the fact that 60% of city dwellers do not have private parking

Shell PLC (LSE:SHEL, NYSE:SHEL) said it wants to install 100,000 electric vehicle charge points across UK by 2030.

The company currently has 5,000 charging points and said last year it planned to increase this to 50,000.

As part of its new plans, the oil supermajor said it aimed to instal 11,000 rapid-charging machines, which could mean that 90% of drivers in the country would be “within a ten-minute drive of a Shell rapid charger”.

The Committee for Climate Change has said the UK needs at least 150,000 public charge points operating by 2025.

As investors and society call for clean energy, the oil and gas industry is refocusing some of its cash on non-traditional operations.

Of the company's £25bn investment in British energy over the next decade, Shell said three-quarters will go into low-carbon products and services, and the remainder will go toward oil and gas projects in the North Sea.

After buying Ubitricity last year, Shell has been expanding its EV network and aims to have a global network of 2.5mln charging stations by 2030.

"Access to public charging needs to be made available to everyone, no matter where you live," Shell’s UK country chair David Bunch said in a statement.

As part of its strategy to reach net zero emissions by 2050, Shell has made EV charging a key component, and with the government planning to stop selling new petrol and diesel cars by 2030, the UK happens to be a key market.

Grant Shapps, the transport secretary, said Shell’s announcement will provide a huge boost for drivers, "making charging quick and convenient no matter where they are in the UK."

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