EV charger fuel profits and move stations a few steps in the future. ​

Fuel pump and plug for charging electric vehicles on a blue background. The concept of the choice of fuel for the car. 3d render.

Electric vehicles are a small but growing segment of market...for now. It may be wise to hedge bets for the future and fuel the gas station profits with a bit of electricity.

 Gas stations an amazing opportunity to reinvent themselves to be more appealing to a new generation of drivers and become a deliberate destination.  EV charging is an additional revenue source that takes advantage of existing real estate and provides and opportunity to transition into the new electric infrastructure for the future.  Ev charging brings captive customers waiting for a charge creating a benefit for on-site convenience store. Electric vehicles are a small but growing segment of market.   It may be wise to hedge bets for the future and fuel the gas station profits.

Fuel pump and plug for charging electric vehicles on a blue background. The concept of the choice of fuel for the car. 3d render.

Electric vehicles are a small but growing segment of market...for now. It may be wise to hedge bets for the future and fuel the gas station profits with a bit of electricity.

 Gas stations an amazing opportunity to reinvent themselves to be more appealing to a new generation of drivers and become a deliberate destination.  EV charging is an additional revenue source that takes advantage of existing real estate and provides and opportunity to transition into the new electric infrastructure for the future.  Ev charging brings captive customers waiting for a charge creating a benefit for on-site convenience store. Electric vehicles are a small but growing segment of market.   It may be wise to hedge bets for the future and fuel the gas station profits.

The EV Market is an opportunity today. If ignored, it could become a significant problem tomorrow.

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New Auto Fueling infrastructure needed

The EV infrastructure is one of the largest transportation infrastructure projects since the national highway system built out from 1950-1990.  The number of charge points in the US is poised to grow from about 4 million today to an estimated 35 million in 2030. The electric vehicle supply equipment (EVSE) market could grow from $7 billion today to $100 billion by 2040 at a 15% compound annual growth rate.

 
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EV market growth seeing dramatic increases

The number of gas powered vehicles today may put EV's as an insignificant threat to a gas stations profit, but the handwriting is on the wall.  By 2030 it is expected that 50% of new car sales will be Electric vehicles. By 2035 it is possible they will not make gas powered vehicles anymore. It is hard to predict the future, but hedging your bets may make some sense in today's market.  

Time to transition is now while costs are subsidized.

Billions of dollars in subsidies are available to subsidize the building of this new electric infrastructure Service stations and convenience stores already meet some of the fixed funding requirements such as locations, access, etc.  Gas stations are well positioned to deploy more chargers, faster, without heavy business disruptions and lower total cost of ownership.

 
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