Shell is shutting down its electric vehicle (EV) charging company, Volta Inc., which it acquired in 2023 and integrated into its Shell Recharge Network, two sources with direct knowledge of the news told media company AdExchanger.
Volta provided Houston-based Shell with a public charging network of more than 3,000 charge points at destination sites, including shopping centers, grocery stores, pharmacies and other locations across 31 U.S. states and territories. It also had a development pipeline of more than 3,400 charge points to continue developing.
In 2023, Shell said its goal with Volta was to scale its network and offerings to better compete in the long-term U.S. EV charging market.
“We want to make charging as convenient as possible for our customers,” said István Kapitány, former executive vice president of Shell Mobility, at the time of the acquisition. “As demand for EV charging continues to grow, destination sites will play a key role in meeting people where they spend a great deal of time: the store, the gym and everywhere in-between.”
The company now plans to focus on fast chargers at its own sites.
Full story Shell shuts down EV charging business Volta
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