Headlines

Shell to Shift Focus on EV Stations

The company plans to divest around 1000 retail locations over the next two years

Published

1 month ago

March 19, 2024

VMSD Staff

Shell to Shift Focus on EV Stations — Photography: iStock/Sundry Photography

Photography: iStock/Sundry Photography

Shell (London) has announced its plans to divest 1000 retail/gasoline locations over the next two years, according to Yahoo! Finance and as part of its Energy Transition Strategy report it recently published. In closing these locations, it will focus on expanding EV charging stations in Europe and China, where demand is high.

Five hundred locations will reportedly close in 2024 and another 500 in 2025. The company is also planning to incorporate more EV chargers at its current stations.

In the report, Shell stated, “We are upgrading our retail network with expanded electric vehicle charging and convenience offers, in response to changing customer needs … In total, we plan to divest around 500 Shell-owned sites (including joint ventures) a year in 2024 and 2025.”

Shell operates more than 46,000 retail locations, according to the company.

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