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Royal Dutch Shell has revealed that it will be working with world's major automakers to set up high-speed charging points for electric vehicles in ten European countries.
Shell aims to set up high-speed charging points across 80 of its biggest fuel stations in Europe. The latest deal is the part of the new strategy of Shell to grow its business in the emerging electric vehicle segment.
The new charging points set up through this partnership will be capable of charging an electric vehicle in just five to eight minutes, which is almost three times faster than a normal charger currently available.
The Shell sites will be a part of a network of 400 fast-charging stations planned, which will be set up by Ionity by 2020. The charging point will have a capacity of 350kW compared to the current industry standard of 50kW. Decreasing the charging time might be a critical move in the EV industry.
In an average, six fast-charging points will be installed at each of the 80 selected sites by Shell in Belgium, France, Netherlands, Austria, Czech Republic, Hungary, Poland, Slovakia, Slovenia and the UK. Shell is striving hard to enter the booming electric vehicle segment as there is a long-term threat for oil.
Head of retail for Shell, Istvan Kapitany said that the demand for electric vehicle charging stations in Europe is set to grow at a rapid rate. And Shell is attempting to cater the demand by setting up fast-charging points across the major highways of Europe.
Electric vehicles are said to be the future of mobility, and the major automakers around the globe are developing EVs for their respective markets. India is also planning to go all-electric by 2030, and the fast-charging points will play a crucial role in the success of electric vehicles.