CNN - Money Markets

Oil giant Shell bets on electric cars

Tesla's Model 3 is an electric car for the masses
Tesla’s Model 3 is an electric car for the masses

One of the world’s largest fossil fuel companies is betting on electric cars.

Royal Dutch Shell (RDSA) revealed a deal on Thursday to acquire NewMotion, one of Europe’s largest electric vehicle charging providers. NewMotion specializes in converting parking spots into electric charging stations. The Dutch firm has more than 30,000 electric charge points in Europe.

Latest stock market news from Wall Street – CNNMoney.com

Click to comment
Loading Facebook Comments ...

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top