Gas and oil giant Shell is looking to close as many as 1,000 retail gas stations in the coming years, as it pivots toward deployment of electric vehicle (EV) charging stations. In its latest Energy Transition Strategy report, England-based Shell says it plans to close 500 retail sites per year...
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"Gas and oil giant Shell is looking to close as many as 1,000 retail gas stations in the coming years, as it pivots toward deployment of electric vehicle (EV) charging stations.
In its latest Energy Transition Strategy report, England-based Shell says it 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, and in hopes to bring total charging points up to 200,000 by 2030, up from around 54,000 today.
“In total, we plan to divest around 500 Shell-owned sites (including joint ventures) a year in 2024 and 2025,” the company writes on page 28 of the document, as initially spotted by Bloomberg.
The company has also said it plans to focus on public charging stations, rather than on home charging, due to its competitive advantages in the sector."
This may be another Hertz (We fucked up boarding the EV band wagon" moment in less than five years.
I dont get why a petroleum giant would set that much money on fire to do that.
Where do they plan to get the power.....Diesel generators?
The federal government is handing out cash hand over fist to states who are then handing it out to businesses to build EV charging stations in specific areas.
In KY the Governor has given out $15.4 million dollars to have 24 charging stations built with a minimum of 4 charging ports.
Turn off the gas pumps, renovate the building, and put in EV charges at the taxpayer's expense. Then turn the gas pumps back on after the checks have cleared.