The ban on internal combustion engines and urban petrol stations: A fine piece of real estate
The oil business as we know it has an official expiration date: On 14 February 2023, the European Parliament decided that no new cars and vans with an internal combustion engine may be registered in the EU after 2035. Against this background, the business model of oil companies and petrol station operators will fundamentally change. Today’s petrol stations will hardly continue to exist unchanged in the future – both in terms of their number and their actual use. Aspects of real estate law are also likely to play a significant role in the future (subsequent) use of petrol stations. >