{"id":27152,"date":"2023-01-27T20:25:33","date_gmt":"2023-01-28T01:25:33","guid":{"rendered":"https:\/\/goebt.com\/ev-charging-impact-on-future-of-convenience-stores\/"},"modified":"2023-01-27T20:25:33","modified_gmt":"2023-01-28T01:25:33","slug":"ev-charging-impact-on-future-of-convenience-stores","status":"publish","type":"post","link":"https:\/\/goebt.com\/ev-charging-impact-on-future-of-convenience-stores\/","title":{"rendered":"How EV Charging may Impact the Future of C-stores"},"content":{"rendered":"

C-store Dive<\/a><\/span> summarized a recent Convenience Leaders Vision Group roundtable discussion in which the future of fuel was a hot topic. With federal funding increasing for electric vehicles and sales tripling in 2022,<\/span><\/strong><\/a> c-store owners are facing new challenges and looking for new ways to address this trend.<\/p>\n

<\/p>\n

 <\/p>\n

In the recent Convenience Leaders Vision Group roundtable discussion, CEO of Texas Born c-stores Kevin Smartt \u201cexpressed concern about understanding the role c-stores should play in EV charging and how that varies between interstate, urban and rural markets,\u201d according to C-store Dive.<\/span><\/strong><\/a> There is currently a lack of business models for EV charging stations since this is a new idea, making it difficult to figure out how to make it profitable in a convenience store.<\/p>\n

 <\/p>\n

Larger c-store chains are not immune to this challenge either. According to C-store dive, Natalie Morhous, President of Racetrac, also expressed concerned over the profitability of EV charging stations and said<\/span><\/a> <\/span><\/strong>\u201cprofitability is one of the biggest hurdles the Atlanta-based chain of nearly 600 locations has faced with EVs.\u201d<\/span><\/strong><\/a> <\/span><\/p>\n

 <\/span><\/p>\n

One thing to keep in mind is that EV charging does takes time, <\/span>the fastest speed for rapid charging stations is 20 minutes to an hour.<\/span><\/strong><\/a> <\/span><\/strong>While there are many challenges to overcome when it comes to EV charging stations, adding them could encourage more in-store purchases and lead to increased sales. With more <\/span>c-stores turning into places to hang out\/community hubs<\/span><\/strong><\/a> <\/span>and improving their foodservice offerings in 2023,<\/span><\/a><\/span><\/strong> the growth in electric vehicles could bring more customers in store to support these trends. <\/span><\/p>\n

 <\/span><\/p>\n

It becomes increasingly urgent to come up with a solution as more federal funding goes to supporting more electric vehicle charging networks. Recent funding initiatives include the following according to <\/span>C-store Dive\u2026<\/span><\/strong><\/a><\/p>\n

 <\/p>\n