Shell has teamed-up with a European carmaker consortium, dubbed Ionity, involving Daimler, Volkswagen, BMW, Ford, Porsche, and Audi to build a network of EV fast-charging stations across Europe, reaching 400 locations by 2020.
The partnership is part of Shell’s switch to new revenue sources and follows its acquisition of Europe’s largest EV charging network NewMotion, which has more than 30,000 private home charging points and 50,000 public charging sites.
To begin with, Shell will install the charging stations at 80 of its highway sites. Beginning in 2019, drivers of latest-generation electric cars will be able to charge in as low as five to ten minutes.
This year, Ionity will build 20 charging sites with a capacity of up to 350 kW ensuring the fast charging times, and compatible with “current and future generations of electric vehicles,” thanks to its Combined Charging System.
Read more of the original article at Oil Price.com.
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