What’s Going To Happen To Gas Stations After EVs Take Over?
Like most businesses that become nothing but a money sink, loss-making gas stations that can’t turn things around will more than likely close. But there is a good chance some gas stations will adapt their business models and find ways to stay relevant as the transportation industry continues to evolve. Truck stop chain Pilot is already hedging its bets, and made the installation of electric charging ports a large chunk of its $1 billion travel center modernization plan. While some American gas stations are going electric by choice, gas stations in Germany don’t really have a say in the matter; a law was passed in recent years forcing them to offer EV charging facilities alongside their fossil fuel-based services.
There is also the possibility that electric won’t be the only green choice in the future. Despite the majority of businesses and governments making EVs their clear pick, alternatives like hydrogen fuel cell vehicles and highly efficient biofuels do exist. There’s a chance the space currently used by gas stations could serve a similar purpose if a new type of green vehicle breaks into the market. Finally, there’s the fact a lot of gas stations sell more than just gasoline. In many areas, they act as convenience stores that sell food, drinks, and everyday items to the local population. In some cases, the local gas station may be the only place someone can get something at a particular hour. Stores like this are more likely to survive than gas stations based on highways that make most of their income from fuel sales. When electric cars eventually take over, the gas station, which has been pretty constant for over 100 years, will either find a way to adapt or disappear.
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September 21, 2022 at 01:26PM