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Oil firm Shell planning to open its first UK electric car charging point next month

Oil firm Shell is planning to open its first UK electric car charging point next month.

Cars will be able to re-charge at a yet-to-be disclosed location in London.

Bosses are trying to adapt as transport and other industries move away from fossil fuels. Demand for electric cars is expected to soar, with about 150m on the roads by 2040.

Shell expects to open around 10 electric charging points around London by the end of the year. More will follow depending on customer demand. The firm ultimately wants 20 per cent of its retail fuel margins globally to come from non-diesel or petrol cars.

In July Shell boss Ben van Beurden admitted his next car would be electric as he set out the future of the company.

He said it was already investing up to £1bn a year on renewables and expects oil demand could peak within the next 15-20 years.

He said: ‘We are not some sort of sitting duck that has nowhere to go with only one business model. We continuously reinvent ourselves.’

Read more: http://www.thisismoney.co.uk/money/markets/article-4893008/Shell-open-UK-electric-car-charging-point.html#ixzz4t1SkqZva
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