Shell To Close 1,000 Retail Petrol(Gas) Stations By 2025 Greatly Expand EV Charging Network

[Bandersnatch]

“In total, we plan to divest around 500 Shell-owned sites a year in 2024 and 2025.”

 

“The share of electric cars in new car sales has increased from less than 3% in 2018 to 18% in 2023,” the company said. 

 

 In 2023, the company had 54,000 charging points globally. It hopes to grow that to 70,000 in 2025, and to 200,000 by the end of the decade.

 

https://www.carscoops.com/2024/03/shell-to-dump-1000-retail-locations-by-2026-as-it-expands-ev-charging-infrastructure/

[impulse]

There's a huge difference between divesting company owned stations and closing them.  The linked article isn't very clear whether the stations would close, or simply change ownership to be operated by others.  For Shell, divesting would mean less capital employed (assets), increasing RONA, with a bonus that they shed the carbon footprint for others to pick up.

 

Sounds more like financial and ESG shenanigans than shutting down stations.  Bet'cha some management types at Shell figured out how to increase their bonuses.

[stupidfarang]

Never use Shell as their fuel price is higher than PTT or Bangjak

[transam]

More unemployed......😢

[Photoguy21]

They will probably add charging points but closing them I doubt it.

[eisfeld]

34 minutes ago, Photoguy21 said:

They will probably add charging points but closing them I doubt it.

 

Shell said they will divest. That means they'll get rid of them.

[Guderian]

On 3/22/2024 at 8:02 AM, stupidfarang said:

Never use Shell as their fuel price is higher than PTT or Bangjak

 

Yes, but it means there's never a queue in a Shell station, unlike at PTT. My time is worth more than a few extra Baht on the petrol bill, so I happily use Shell.

[HighPriority]

This is another example of BigEV stomping on competitors !!

Its just not fair… 😢😢

[JBChiangRai]

1 minute ago, HighPriority said:

This is another example of BigEV stomping on competitors !!

Its just not fair… 😢😢

As the world goes EV we will only need 5% of the locations to charge our EV’s.

 

Many people will never need one at all.

[Chongalulu]

On 3/22/2024 at 12:57 PM, transam said:

More unemployed......😢

As older industries diminish,new ones arise where people get employed. To resist that is like Canute and artificially supporting such is economically ruinous. But there's at least another 10 years of increasing demand for oil based products /fossil fuels ahead anyway 

[transam]

15 minutes ago, Chongalulu said:

As older industries diminish,new ones arise where people get employed. To resist that is like Canute and artificially supporting such is economically ruinous. But there's at least another 10 years of increasing demand for oil based products /fossil fuels ahead anyway 

For sure, though I have never seen self-serve gas in LOS, in the west, for decades, but when that arrives here, a lot of locally employed non "educated" poorer folk will have a problem....🤔

[Pib]

Below article adds a lot of additional info regarding Shell's overall/future view regarding EVs and hydrogen powered vehicles (at this time Shell doesn't see hydrogen powered vehicles as being cost competitive but maybe in the future ). IMO we are in a transition period kinda similar to the early 1900s when people transitioned from horse & buggy travel to combustion engine travel....took 20 to 30 years for most all livery stables to be replaced by gas stations....it will also take decades for charging stations to replace the great majority of gas stations.

 

See article for full story...but a few partial quotes are included below the link.    

https://insideevs.com/news/713296/shell-closes-1000-gas-stations-to-focus-on-ev-charging/#:~:text=In its Energy Transition Strategy,in response to customer needs.”

 

“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 said in the report. Like several other market forecasts, Shell is expecting EV sales to soar in the coming years.

 

“Today there are around 40 million such vehicles (BEVs and PHEVs) on the roads, with up to 275 million expected by 2030. The availability of charging points will be critical for the growth in electric vehicles."

 

Shell’s messaging is pretty clear at this point. The entire report is filled with buzzwords like electric vehicles, charging, and decarbonization. Shell believes that in the future, gas will only play a “backup role because many industrial processes require a high reliability of power supply.”

 

 

[vinny41]

 

Energy Transition Strategy report

 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. As we grow our business offering charging for electric vehicles, we expect an internal rate of return of 12% or higher

https://www.shell.com/sustainability/our-climate-target/shell-energy-transition-strategy/_jcr_content/root/main/section/promo_copy_copy/links/item0.stream/1711012433598/39c528a7d85179adb1189fdc065aacbda5aab89f/shell-energy-transition-strategy-2024.pdf

 

If Shell is looking for a return of 12% or higher for public charging will that mean higher charging fees

Edited March 23 by vinny41
add

[Peterphuket]

On 3/22/2024 at 8:02 AM, stupidfarang said:

Never use Shell as their fuel price is higher than PTT or Bangjak

Here another one, and even not a 'stupidfarang'

 

I mention some time ago, at the time the penny was abolished, that was the only company that put 2 cents on the pump gauge without you having even filled up a drop.

In the Netherlands, they have a refinery that also refines for other companies but still Shell's price is always the highest.

[HighPriority]

4 hours ago, vinny41 said:

 

Energy Transition Strategy report

 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. As we grow our business offering charging for electric vehicles, we expect an internal rate of return of 12% or higher

https://www.shell.com/sustainability/our-climate-target/shell-energy-transition-strategy/_jcr_content/root/main/section/promo_copy_copy/links/item0.stream/1711012433598/39c528a7d85179adb1189fdc065aacbda5aab89f/shell-energy-transition-strategy-2024.pdf

 

If Shell is looking for a return of 12% or higher for public charging will that mean higher charging fees

More likely it’s the coffee, cake, light meal where they will make their 12-20% and subsidise their ev charging.

Their electricity generation costs will be lower than grid because they’ll be maxing out each site with solar and battery storage, but a clever boy like you Vinny will be well aware of that…

[MrJ2U]

Slowly creating a duopoly of Caltec and PTT.

 

Very similar to two families running 7/11,Big C, Lotus, and Makro's.

 

 I must admit PTT GAS stations are excellent rest stops on long trips. 

[ericthai]

6 hours ago, Peterphuket said:

Here another one, and even not a 'stupidfarang'

 

I mention some time ago, at the time the penny was abolished, that was the only company that put 2 cents on the pump gauge without you having even filled up a drop.

In the Netherlands, they have a refinery that also refines for other companies but still Shell's price is always the highest.

What penny was abolished? 

Not sure what you're talking about 2 cents, my pumps have always started at zero, as I always check. 

 

[vinny41]

2 hours ago, HighPriority said:

More likely it’s the coffee, cake, light meal where they will make their 12-20% and subsidise their ev charging.

Their electricity generation costs will be lower than grid because they’ll be maxing out each site with solar and battery storage, but a clever boy like you Vinny will be well aware of that…

They didn't state that in their report what they stated is

"As we grow our business offering charging for electric vehicles, we expect an internal rate of return of 12% or higher"

Shell has 45,000 service stations worldwide In Thailand there is 520 service stations

Edited March 23 by vinny41
add

[Digitalbanana]

Greenwashing.

[vinny41]

The profitability of EV charging stations can vary greatly based on numerous factors such as the location, the pricing structure, the type of charging station (fast charging vs. standard charging), and operational costs. Here’s a breakdown of the various aspects impacting profitability, along with some specific figures:

1. Profit Margins: 

Profit margins for Level 2 charging stations can vary based on factors such as location, pricing structure, operational costs, and utilization. On average, these businesses can aim for profit margins ranging from 15% to 35% depending on the aforementioned variables

https://gogreenlogic.com/ev-charging-station-business-costs-purchase-profit-margins-guide/

[scubascuba3]

Shell's are not popular, most people avoid, plus of course the V Power 95 trick they pull at some garages such as Pattaya Tai

[stupidfarang]

21 minutes ago, scubascuba3 said:

Shell's are not popular, most people avoid, plus of course the V Power 95 trick they pull at some garages such as Pattaya Tai

what trick? interested to know

[stupidfarang]

19 hours ago, Guderian said:

 

Yes, but it means there's never a queue in a Shell station, unlike at PTT. My time is worth more than a few extra Baht on the petrol bill, so I happily use Shell.

depends where you live, outside of the big citys no problem with queues and I have two PTT and three Bangchak stations all with in 3klm and on my way home. Plus points on the card and free bottle of water. 

Edited March 24 by stupidfarang

[steve187]

20 hours ago, Guderian said:

 

Yes, but it means there's never a queue in a Shell station, unlike at PTT. My time is worth more than a few extra Baht on the petrol bill, so I happily use Shell.

I can not remember the last time i Queued for Liquid fuel, 

[Peterphuket]

10 hours ago, ericthai said:

What penny was abolished? 

Not sure what you're talking about 2 cents, my pumps have always started at zero, as I always check. 

 

Talk about the Netherlands and was in the time with the guilder, before the Euro. The penny was the 'stuiver'  and had a value of 5 cents.

After the 'stuiver, was finished, Shell was afraid that they were short of money, after all you could fill up for 2 cents and since it was rounded you didn't have to pay that.

But the government did not accept it so it was undone after a few months.

Edited March 24 by Peterphuket

[Peterw42]

1 hour ago, scubascuba3 said:

Shell's are not popular, most people avoid, plus of course the V Power 95 trick they pull at some garages such as Pattaya Tai

What is the V power 95 trick ?

[Hamus Yaigh]

How they gonna do that with only around 500 stations in the entire country? #rhetorical

Edited March 24 by Hamus Yaigh

[milesinnz]

I wonder where all the power is going to come from. I remember reading an article some years ago, and I am sure it said a lot of electricity is generated from gas... but the gas that Thailand has is due to run out very soon. So I guess they will be importing natural gas ? to make electricity, to charge electric cars. Why not just put the LPG straight into the cars. And what about the trucks.. electric trucks ?  .. they have not even electrified the rail system... I wonder if Thailand is heading for a power crisis in a few years time ?.. and with the weakness in the Thai economy where will the money come from to pay for the imported gas. I do not see the Mekong or solar power being sufficient for Thailand's needs...

[Ben Zioner]

I wonder how the ICE market will move in the next few year. I would be very reluctant to buy a new one these days. I will try to keep my 2 years old CRV for another 10 years, and replace the 5 years old "shopping Jazz" with an EV in 3 to 5 years. I don't think I am an isolated case, so this is very likely to cause a trough in the market. Now I know that many have a childish irrational need to have these noisy, stinking and expensive toys, while I am only buying transportation devices.

 

 

[scubascuba3]

1 hour ago, stupidfarang said:

what trick? interested to know

Some garages only sell the 95 V Power at around 50 baht a litre, they lead naive people to that pump, even sometimes say 91 is finished (around 35 baht) @Peterw42

Edited March 24 by scubascuba3