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.

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