Shell has announced plans to close 1,000 of its fuel stations by the end of 2025 in the face of an evolving energy sector, with the company prioritizing investment in electric vehicle infrastructure over its traditional service station network.
Shell operates approximately 46,000 fuel stations in several countries, and in the face of this, has opted to reconfigure its asset portfolio to adapt to changes in demand for fossil fuels and concerns about climate change.
Now, statistically, the closure of 1,000 outlets represents only around 3% of its global network, so the drive towards electric vehicles has seen exponential growth in recent years.
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Shell on the Road to Sustainable Mobility
As advances in battery technology and charging infrastructure make electric vehicles more attractive and accessible to consumers, energy companies are recognizing the need to adapt to this new reality.
Closing a portion of their fueling station network is a proactive strategy in the face of the mobility shift that needs to be made globally, seeking to meet the needs of the ever-increasing number of electric vehicle drivers.
This transition to electric chargers also presents opportunities for Shell in terms of diversifying its business and expanding into new areas of energy services.
Finally, in addition to installing charging points at its former service station locations, the company could explore partnerships with automakers, charging network operators and other players in the electric vehicle ecosystem.
