Royal Dutch Shell (NYSE:RDS.A) (LSE:RDSA) PLC plans to install 50,000 charging posts for electric vehicles on streets across the UK by the end of 2025, in an effort to make more charging stations available to the millions of drivers without off-street parking.
Shell said it will support local authorities with a financing offer to install more on-street chargers at potentially zero cost.
At the moment, the Office for Zero Emission Vehicles (OZEV) meets 75% of the cost of installing on-street EV chargers. Shell said it is prepared to cover the remaining costs.
The move is part of a government-backed effort to reduce carbon emissions to net zero by 2050. The UK plans to ban the sale of new petrol and dieseal cars by 2030.
The charging points will be installed by Shell’s on-street charging subsidiary ubitricity, which already operates 3,600 chargers around the country.
More than 60% of households in English cities and urban areas do not have off-street parking – this rises to 68% for people living in social housing, Shell said.
The Committee for Climate Change has said the UK needs150,000 public charge points operating by 2025.
“It’s vital to speed up the pace of EV charger installation across the UK and this aim and financing offer is designed to help achieve that,” said David Bunch, Shell’s UK country chair.
“Whether at home, at work or on-the-go, we want to give drivers across the UK accessible EV charging options, so that more drivers can switch to electric.”
Transport Minister Rachel Maclean added: “Together with industry and local authorities, we can create cleaner, greener local communities – providing EV charge points for people without off-street parking across the country.”