TotalEnergies announces shedding 1,600 service stations in Europe to prepare for the end of thermal power in 2035

TotalEnergies announced Thursday, March 16, to sell nearly 1,600 service stations in Germany and the Netherlands to the Canadian food and fuel distribution group Couche-Tard, to better prepare for the end of sales of thermal vehicles in Europe, in 2035.

The vote of the European Parliament in mid-February providing the ban on sales of new thermal vehicles in Europe in 2035 for the benefit in particular of the development of electric vehicles “encourages TotalEnergies to make decisions about the future of its networks in Europe, which will be faced with a loss of fuel-related income, while electric vehicles will be recharged mainly at home or at work and less at stations”explains the oil giant in a communicated.