Gas stations6/12/2023 Some are already imagining what a post-gas station future might look like. Meanwhile, those locations might become irrelevant as car manufacturers, charging station companies, and the government race to build a brand new network of EV chargers. Installing EV chargers in existing gas station locations can be quite expensive. That could be hard to do, or even impossible. So if these businesses want to survive, they need to start reinventing themselves for a world beyond gas. If they’re not able to sell fuel, gas stations would struggle to make money since people typically buy products at their convenience stores while they’re filling up. Should demand for gasoline completely disappear, many of the more than 100,000 stations throughout the country would be at risk of going out of business. Boston Consulting Group analysts estimate that if EVs do take off, as much as 80 percent of the fuel retail market could be unprofitable by 2035. This is worrisome news if you’re in the gas station business. “How do we get the power to where we want it? That’s a much easier problem to solve than having to deal with big huge gas tanks that you’ve got to bury into the ground.” “The beauty is that you’re not locked into a gas station,” argues Rob Barrosa, a senior director of sales and marketing at Electrify America, an EV charging network and subsidiary of Volkswagen. And since EV chargers can be installed in almost any location that’s connected to the power grid - they’re now available in office garages and rest stops, and will soon be in some Starbucks parking lots - the gas station is increasingly unnecessary for some Americans. While some gas stations have taken the leap and installed charging ports alongside their pumps, people tend to do the lion’s share of their EV charging at home. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.įor more newsletters, check out our newsletters page. By submitting your email, you agree to our Terms and Privacy Notice.
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