This is to meet growing consumer demand for public electric vehicle charging stations.
Shell is the world's second largest fossil fuel mining company, currently operating more than 46,000 retail facilities globally, mainly gas stations. By the end of 2025, they plan to close 1,000 of them, accounting for about 3%.
That's not a lot, but Shell says this will help meet the growing demand for electric vehicle charging in public places.
Many gas stations will be replaced by electric vehicle charging stations - 1
Shell is trying to increase the number of electric vehicle battery charging posts to meet the increasing demand of consumers (Illustration: ABB).
"We are upgrading our retail network, with the addition of amenities and electric vehicle charging posts, to meet changing customer needs," Shell explains. "We plan to convert about 500 Shell-owned sites (including joint ventures) each year in 2024 and 2025."
In 2023, the company has 54,000 charging points globally. They hope to increase that number to 70,000 by 2025 and increase it to 200,000 by the end of the decade.
"We are focusing on public charging points, rather than private home charging, because we believe that is the greatest need. We have a huge competitive advantage in terms of location, as we own one of the world's largest fuel station networks.
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