Shell to Close 1,000 Gas Stations by 2025, Shifts Focus to EV Charging Network Expansion
Crisped on the outside, thoughtful enough on the inside.
Summary
Shell plans to close approximately 1,000 retail gas stations over 2024 and 2025 (500 per year) as part of its Energy Transition Strategy. The company is pivoting toward electric vehicle (EV) charging infrastructure, aiming to expand its public EV charging network from around 54,000 charging points to 200,000 by 2030. This marks a significant strategic shift for the oil and gas giant as it adapts to the growing EV market.
Key quotes
· 3 pulledShell plans to close 500 retail sites per year in 2024 and 2025.
The company plans to instead focus on scaling its public EV charging network.
Shell hopes to bring total charging points up to 200,000 by 2030, up from around 54,000.
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