Shell has signed an agreement with high-powered charging network operator IONITY to offer charge points across ten European countries starting with 80 of its biggest highway stations, allowing drivers to travel long distances with confidence for the first time.
IONITY is a joint venture between BMW Group, Daimler AG, Ford Motor Company and the Volkswagen Group with Audi and Porsche, which was formed to create a network of 350-kilowatt chargers next to major highways in Europe. According to the company the high-powered chargers will take five to eight minutes on average to charge next generation electric vehicles, making them up to three times faster than any other charger currently available to drivers.
The agreement is part of Shell’s global drive to provide more and cleaner energy solutions. Following the company’s recent agreement to buy NewMotion, one of Europe’s largest charging providers, and the launch of Shell Recharge fast chargers at selected Shell forecourts in the UK, the company is increasingly offering reliable charging solutions for electric vehicle customers – whether they are at home, at work or on the road.
The diversification of business by the oil companies is happening as a result of the speculation by these companies of disruption by the electric vehicles. Of late a number of automakers have changed their strategy in favour of electric vehicles. The number of electric cars in their fleet is rising getting encouragement from policies of the governments across the world. Back home in India, Indian oil has set up electric charging station in Nagpur. Other state owned companies like HPCL, BPCL too are exploring opportunities in this field.