Shell aiming for EV charging and low-carbon fuels to provide 20% of its fuel station revenue by 2025

Royal Dutch Shell is looking to have 20% of its revenue from its fuel stations worldwide coming from the recharging of electric vehicles and sales of low-carbon fuels by 2025, according to a Reuters report.

It has been previously reported that the multi-national oil and gas company is pursuing this path aggressively, having begun the rollout of fast charging points at its own retail stations in the Netherlands, the UK, Norway and the Philippines.

It is also set to tap into public charging, with the purchase of Dutch-based electric car charging company New Motion in October immediately providing it with access to over 30,000 EV charging points in western Europe.

There is also the added dimension of domestic and workplace charging, which it is likely to approach via its latest purchase, that of UK household energy and broadband provider First Utility. The deal, announced yesterday, will take Shell into a new sector of the retail market, which is the supply of energy to UK households.

The idea of having consumers pay for the recharging of electric vehicles at fuel stations is something that is bound to come along as the switch to electrification intensifies. In Malaysia, EV charging stations are currently available at petrol stations, but it’s not yet a revenue stream as charging is free. Presently, Petronas Dagangan has ChargEV charging points at 66 stations nationwide, which will eventually be expanded to 100 locations, while BHPetrol has its own charging network running at selected stations.

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