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Tuesday 2 February 2021

Oil companies buying up EV charging networks: Shell acquires ubitricity

The European oil giants Total, BP and Shell have been buying up assets all along the EV charging value chain. The latest news is that Shell has agreed to buy 100% of the European charging network ubitricity.

Founded in Berlin, ubitricity operates in a number of European countries, and claims to be the largest public EV charging network in the UK, with over 2,700 charge points (a 13% market share). The company also operates public charging networks in Germany and France, and has installed over 1,500 private charge points for European fleet customers.

Ubitricity specializes in integrating charging into existing street infrastructure such as lamp posts and bollards, a solution that could make EV ownership more attractive to city dwellers who don’t have private driveways or assigned parking spaces.

Read the whole news on chargedevs.com


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