Shell to Shift Focus on EV Stations

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.

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.