Oil tycoon promises his next car will be electric

31 Jul 2017   Electric Cars

Yes, you heard that right, the boss in charge of Europe’s biggest oil company says his next car will be electric. Does this revelation from the CEO at Shell say a lot about the future of fossil fuels? It seems so, with Ben Van Beurden, 59, saying the demand for oil could peak within the next 15 to 20 years. It came just as the Anglo-Dutch oil company said it was investing up to £1bn a year on renewables. Elektrobay charging points for electric cars are popping up across London (Picture: Mike Kemp/In Pictures via Getty) Shell is making serious inroads into new energy sectors, including wind and solar, with major projects on biofuels planned in Brazil. It is also helping install 400 hydrogen fuel stations across Europe, and is working with UK Power Networks to improve the grid for electric cars. When asked in an interview on Bloomberg […]

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