“We are upgrading our retail network, with expanded electric vehicle charging and convenience offers, in response to changing customer needs,” Shell said in its. The company plans to “divest around 500 Shell-owned sites a year in 2024 and 2025." The company's plans were
Despite a recent slowdown in EV demand in the US, Shell believes the energy transition globally is one worth investing in, with the company highlighting investments in China’s EV industrial base in Shenzhen as well as Wuhan.In the US, there are also pockets of opportunity in the charging business. For example, Blink Charging CEO Brendan Jonesare countered by the fact that Blink is "still seeing growth across the segment.
Nathan Niese, associate director of electrification and climate change for Boston Consulting Group, believes retail operators like Shell may have the right strategy for charging.