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The New Daily
The New Daily
Business
Sezen Bakan

Electric vehicles and economic woes fuel Coles Express sale

Coles electric vehicle Brian Walker Louise Grimmer Woolworths Economy
Coles Express is changing hands, in a hugely beneficial move for the retail giant. Photo: AAP

This week’s surprise announcement by Coles that is quitting the service station game makes perfect sense, say retail experts, as fuel providers face an uncertain economy and an electric vehicle future.

The supermarket giant revealed on Wednesday that Viva Energy, the company that already ran the Shell-branded servos, will buy its 710 Coles Express stores nationwide.

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