Shell, the world's second-largest fossil fuel explorer, currently operates over 46,000 retail locations globally, predominantly gas stations. By the end of 2025, it plans to close 1,000 of them, which represents less than 3 percent of the total. Despite the relatively small number, the London-based company says that this move will help meet the increasing demand for public charging stations for electric vehicles.
We have a major competitive advantage in terms of locations, as our global network of service stations is one of the largest in the world. We have other competitive advantages, such as our convenience retail offering which allows us to offer our customers coffee, food and other convenience items as they charge their cars. Once again, the company did not specify the locations of the new charging stations. Currently, the majority of its stations are situated in China.
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