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The logo of French oil and gas company TotalEnergies is pictured on an electric car charging station and gas station in the financial and business district of La Défense in Courbevoie near Paris, France on June 22, 2021. REUTERS / Gonzalo Fuentes / File Photo
SINGAPORE, July 28 (Reuters) – TotalEnergies SE (TTEF.PA) on Wednesday announced that it had agreed to buy Singapore’s largest electric vehicle charging network from compatriot Bolloré Group.
Known as “Blue Charge”, the network consists of more than 1,500 charging points installed in the city-state and represents around 85% of the charging points operating in Singapore.
Terms of the contract are not disclosed.
Singapore aims to phase out all internal combustion engine vehicles by 2040, encouraging drivers to switch to electric vehicles through a series of measures. It aims to set up 60,000 charging points by 2030.
The energy giant is also developing EV charging infrastructure in other cities such as Paris, Amsterdam, London and Brussels.
Reporting by Jessica Jaganathan; Editing by Edwina Gibbs
Our Standards: Thomson Reuters Trust Principles.
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