Gas and oil giant Shell is looking to close as many as 1,000 retail gas stations in the coming years, as it pivots toward deployment of electric vehicle (EV) charging stations.
In its latest Energy Transition Strategy report, England-based Shell says it plans to close 500 retail sites per year in 2024 and 2025. The company plans to instead focus on scaling its public EV charging network, and in hopes to bring total charging points up to 200,000 by 2030, up from around 54,000 today.
“In total, we plan to divest around 500 Shell-owned sites (including joint ventures) a year in 2024 and 2025,” the company writes on page 28 of the document, as initially spotted by Bloomberg.
The company has also said it plans to focus on public charging stations, rather than on home charging, due to its competitive advantages in the sector.
Credit: Shell
“We are focusing on public charging, rather than home charging, because we believe it will be needed most by our customers,” Shell writes. “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. As we grow our business offering charging for electric vehicles, we expect an internal rate of return of 12 percent or higher.”
The recent energy transition strategy also softens some of the company’s carbon emissions targets for the next 10 years, though it still holds true to original commitments to reach net-zero carbon by 2050. The company is also planning to invest $10 to $15 billion into low-carbon energy solutions between 2023 and the end of 2025.
The report also notes the company’s plans to support key oils used in offshore winds and the development of EV batteries.
“We are growing our premium lubricants portfolio to supply key energy transition sectors such as transformer oils used for offshore wind parks, and cooling fluids to support the development of electric vehicle car batteries.”
Shell also shared a video detailing the 2024 transition strategy, which you can watch below.
Shell acquired the U.S. EV charging network Volta Charge last year, along with signing dozens of other partnerships to support EV charger deployment in the past few years. The company’s charging network, Shell Recharge, made up around 1.7 percent of the public DC fast-charging network in the U.S. as of Q3 last year, according to a recent report from the National Renewable Energy Laboratory (NREL).
Comparatively, Tesla remained the dominant market leader with its Supercharger network, making up 61.7 percent of those in the U.S. While Superchargers were previously only available to EV owners with Tesla vehicles, the automaker has recently started opening them up to other brands, beginning with Ford and Rivian.
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News
The Boring Company’s self-driving Teslas impress riders with smooth, hands-free rides
The electric vehicles, which currently shuttle visitors between key destinations on the Strip, could soon extend service all the way to the airport.
Tesla’s Full Self-Driving (FSD) system is making waves underground. Passengers who recently rode in The Boring Company’s Las Vegas Loop described the experience as “way smoother than a human driving,” with no manual input from a driver at all.
The electric vehicles, which currently shuttle visitors between key destinations on the Strip, could soon extend service all the way to the airport.
Controlled FSD testing
In late August, Las Vegas Convention and Visitors Authority CEO Steve Hill stated that Tesla’s FSD-equipped vehicles have been undergoing testing in the Boring Company tunnels for several months. These tests are conducted under strict supervision and have not involved regular passengers until recently.
Recent comments about the Boring Company’s driverless Teslas were shared on X by @alifarhat6_ali, who was able to try out the service for himself. As per the Tesla enthusiast, FSD drives much smoother than human drivers inside the Boring Company Las Vegas tunnels. The safety monitor also reportedly noted that the service should soon expand to the airport.
“I rode in the new self driving Tesla in the Las Vegas Loop! It was WAY smoother than a human driving in the Loop. Zero human input. It wasn’t busy so he let us ride back as well. Driver said they soon will be giving rides all the way to the airport. We are in the future,” the X user wrote in a post.
Elon Musk hints at fully driverless Teslas
Earlier this month, Elon Musk posted on X that “The Tesla cars operating in The Boring Company tunnels under Las Vegas will be driverless in a month or two.” This suggests that the Boring Company tunnels in Las Vegas may end up being one of the first locations where actual driverless Teslas will be serving regular customers.
In a way, the deployment of fully driverless Teslas could be perfect for the Las Vegas tunnels. The underground environment should be ideal for Tesla’s autonomous software as it offers predictable routes and traffic, minimal external hazards, and stable lighting conditions that benefit sensor performance.
Elon Musk
Tesla CEO Elon Musk’s $1T pay package gets candid synopsis from Jim Cramer
Tesla’s $1 trillion pay package, which it proposed to Shareholders to vote on November 6 for its CEO Elon Musk has drawn a lot of attention lately.
Among those vocalizing their thoughts and feelings about the incentive program are proxy firms, investment analysts, and retail shareholders.
However, one analyst that always seems to draw some attention, especially when it comes to things related to Tesla and Musk, is Mad Money host Jim Cramer, who routinely puts his opinions out into the public realm when it comes to the company and its CEO.
Last week, Cramer gave a short breakdown of what he thinks the company and its shareholders should do on the social media platform X. He’s gone deeper into the pay package conversation with a candid synopsis of where he stands with it.
Cramer is no slouch when it comes to breaking down companies and what their strengths and weaknesses are.
He recognizes Musk and his contributions to Tesla, especially in terms of its prowess as an automaker, an AI play, and a robotics entity. In his more lengthy breakdown of the mentality behind rewarding Musk, he writes:
“Then there’s Musk. He’s using AI to make the best full self-driving car. He’s using it to dominate the Robotaxi game, or at least try. There’s no doubt that he’s got the best self-driving alternative on a price basis…Musk has put AI to the test, and he recognized that if you could develop better and bigger, and stronger batteries, that might be the answer for our energy-starved country…”
This is essentially an echo of what he said last week, which included some of the same ideas. Musk is ultimately the right man for the job, Cramer believes, especially considering the analyst calls him one of the few CEOs who is “actually worth it,” in terms of his potentially massive payday:
“Hate him or like him, man, this guy’s real smart…I think that Musk, who says he needs to be in control so the robots don’t take over, clearly wishes he had two classes of stock so he could be like Mark Zuckerberg, who can do whatever he wants with Meta. I say, even though he didn’t start the company and therefore doesn’t have the two classes, give the man the pay package he wants. Unlike so many other CEOs, he’s actually worth it.”
Tesla shareholders will vote on the package on November 6, but a handful of proxy firms have already noted that they will be going against it. Institutional Shareholder Services (ISS) and Glass Lewis both voted not to offer Musk this pay package.
Musk called them “corporate terrorists” last week during the company’s Q3 Earnings Call.
News
Tesla makes a massive change to a Service policy that owners will love
If you have a subscription to Full Self-Driving or Premium Connectivity for 30 days, the date of its expiration is 30 days after you activate the subscription, even if the vehicle was in service.
Tesla has decided to update its policy on Subscriptions and Service, and owners are going to love it.
If you have a subscription to Full Self-Driving or Premium Connectivity for 30 days, the date of its expiration is 30 days after you activate the subscription, even if the vehicle was in service.
So, if your car was with Tesla Service for five days, you essentially lost those five days, as your expiration date was not adjusted to reflect the time the vehicle was unusable.
Loaners that Tesla gives owners are usually equipped with perks like Full Self-Driving and Premium Connectivity, so your subscription does not roll over to another vehicle.
However, Tesla has decided to revise that policy in an effort to give owners full access to the subscriptions they paid for. It requires Service visits to be longer than one day.
In a communication to an owner who was having their vehicle serviced, Tesla said:
“A loaner vehicle may be available during your appointment (pending availability) – please check the app closer to your appointment for the latest updates and access details. If your repair requires more than one business day, any active subscriptions or free trials will be extended accordingly.”
Tesla will now extend active subscriptions and free trials if your car was in service for more than 1 business day pic.twitter.com/HdtDEwk3e6
— Whole Mars Catalog (@WholeMarsBlog) October 20, 2025
The move is a good one from a customer service standpoint, especially considering the loss of even a few days of a 30-day subscription to something like Full Self-Driving, which costs $99 per month, can be frustrating.
Tesla’s choice to extend the subscription duration for the length of the service visit is a good-faith move that customers will appreciate.
While this adjustment is not directly related to Service, many customers will relate it to that. It’s yet another move Tesla has made in 2025 to make its Service experience better for customers.
It is also offering more options to communicate with Service advisors during and after cars are repaired, which can help streamline the entire visit from start to finish.
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