Mostly Cloudy 33°
Tag:

EV Charging Stations

Business
Shell To Close 1,000 Gas Stations: Here's Why, Company Says Shell To Close 1,000 Gas Stations: Here's Why, Company Says
Shell To Close 1,000 Gas Stations: Here's Why, Company Says One of the nation's major oil companies says it will close 1,000 gas stations. Shell made the announcement in its 2024 Energy Transition Strategy report, saying the measure is “in response to customer needs” and aimed at reallocating those resources towards EV charging stations. Shell said it will close 500 stations in 2024 and the other 500 in 2025. "We believe growth in oil demand is set to slow in the second half of this decade and could start falling in the 2030s because of increasing vehicle efficiency and growth in electric vehicles," the company stated in the report. "Toda…

SHARE

by Joe Lombardi