Shell to acquire electric vehicle charging major NewMotion

Date: 2017-10-16   Author: Saipriya Iyer  Category: #market

Shell to acquire electric vehicle charging major NewMotion

Royal Dutch Shell Plc, an oil & gas behemoth, has announced its decision to acquire NewMotion, one of the leading players across Europe electric vehicle charging market to expand its service offering. The acquisition would prove to be rather beneficial for Shell, given that the company now plans to offer electric vehicle charging services at some of its retail stores. The deal will also help NewMotion expand its smart charging business in Europe and improve end-user experience.

After declaring its acquisition deal with NewMotion, Shell has assured its customers of providing access to myriad refueling alternatives in the future. Shell’s business is likely to gain traction across countries such as France, Holland, Britain, and Germany – precisely the geographies wherein NewMotion operates its electric charging business. As per reports, the Dutch company provides over 30,000 home electric charging points for electric vehicles and 50,000 electric charging stations for partner locations.          

In yet another strategic move towards energy transition through electrification, Shell Plc is expected to set up electric vehicle charging stations across its 45,000 service stations over the next few years. This move would be augmented by the NewMotion acquisition, which will facilitate electric vehicle owners to charge their electric cars at homes and offices. Firm officials have claimed that in the years ahead, nearly eighty percent of electric vehicle charging will take place at offices and houses when car is idle.

NewMotion already offers home charging kits and network access to public electric vehicle charging points across 25 countries in Europe. Reportedly, this would help in overcoming the problem of inadequate public electric vehicle charging facilities that has hindered the purchase of electric vehicles across the region. With the ban on combustion engine automobiles across Europe due to strict emission laws, electric vehicle charging industry is expected to experience a massive expansion in the near future.



About Author


Saipriya Iyer linkdin-boxtwitter

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

Post Recommendents

Handheld Point of Sale(POS) Market Summary, Trends, Sizing Analysis and Forecast To 2026

Author: Sachin Pashte

Market Study Report adds Global Handheld Point of Sale(POS) Market Research its online database. The report provides information on Industry Trends, Demand, Top Manufacturers, Countries, Material and Application.

The Handheld Point of Sa...


Handheld Imager Market likely to touch new heights by end of forecast period 2021-2026

Author: Sachin Pashte

Global Handheld Imager Market is Projected to grow at moderate CAGR during the period 2021-2026. Handheld Imager research report also provides granular analysis of the market share, Size, segmentation, revenue forecasts and geographic regions of t...


Hand Dryer Market: Key Players, Growth, Analysis, 2021-2026

Author: Sachin Pashte

MarketStudyReport.com Adds New Global Hand Dryer Market Report to its research database. The report presents a deep study of the market growth factors and drivers.

The Hand Dryer market report offers a detailed investigation of the prima...