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They of course could have just bought the network only to squash it.

• sfifs 6y ago
  Very unlikely. All oil companies see the writing on the wall for gasoline powered daily consumer vehicles especially in urbanized areas and that electric vehicles sometime over next 5 to 10 years will tip over as significantly more economically viable. So everyone is trying something or the other to get ahead of the trend. Eg middle east and norway, are trying to funnel their oil money into diversified holdings. Makes sense Shell will too
  • waheoo 6y ago
    I'm less of an optimist, I'm betting theyre taking over to slow its growth while keeping the back door open for when they need to start focusing on it.
• Olumde 6y ago
  I think Shell has decided that it is in the energy business, no matter the source of that energy. Surely its executives can remember seemingly invincible incumbents in other industries that failed to cannibalize their products. That or they are taking the EU directive to phase out new petrol/diesel car engines in 2030 (ish) seriously.
  • jlawer 6y ago
    Pretty much Shell is an European energy company, and due to that they are looking at climate change, and wanting to lead the transition. Mostly because they see that is the way the world is going to go, and they want to be in front and are being pretty open about it. They have been partnering with environmental organisations to increase environmental regulations in the US, and having made early investments, will likely come out ahead of Exxon and others if / when regulations get tightened.