The beneficial side effect of electric vehicles: boosting commerce near charging stations

Furthermore, the study has been quite exhaustive, with more than 4,000 charging stations in California and 140,000 companies involved. The result was that annual spending in nearby establishments grew an average of 1.4% in 2019 and another 0.8% between January 2021 and June 2023. At the business level it is an important difference, as they can be almost an additional $23,000 in 2019 and another $3,400 between 2021 and 2023. In this second period, the saturation that occurred after the global pandemic can be blamed.

In the end what is reflected is that the traditional business model of gasoline with your store It could also be adapted to charging stations. Some are already choosing to make the same move and take advantage of the infrastructure that existed, but others are yet to explode. We will see how this trend reaches our country and if the benefit is real.

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