This is pretty cool, if I do say so myself. Royal Dutch Shell Company, also known as simply Shell, has said that electric-powered vehicles will make up for 40% of its worldwide fleet by 2050. Shell has been looking at renovating their fleet for quite some time, apparently, and now is the time to do it, with the technological improvements and increased cost of using gasoline powered vehicles being the two main reasons for the switch. 40% of all vehicles in the fleet, which has about two billion vehicles in it, will be electric by 2050, which is a little under one billion vehicles. That’s a lot of electric cars.

But Shell isn’t the only one looking at mixing it up at the fleet level – they’re only the most public one. British Petroleum (BP) is spending a ton on new technologies and is also looking at updating their fleet, but Shell is investing a whopping 25% of its research and development budget in renewable energy sources, including wind power and biofuel. Shell also has a huge deal going with Brazil’s Cosan to create 4,500 filling stations across the US – ethanol and biofuel refueling stations, I should say. This would allow Shell to compete with two of the largest biofuel companies in the world while bringing new energy sources to the US. Can’t say it’s a bad deal.