The electric vehicle (“EV”) industry is projected to grow exponentially over the next few decades as countries, states and cities strive to reduce carbon emissions and meet climate goals. Electric cars accounted for 2.6% of global car sales in 2019, and although authorities have introduced a variety of policies to make EVs more affordable and push EV adoption, charging has been a major thorn in the young industry’s side. This can partly be attributed to the fact that companies don’t generally look at EV charging as a business and, consequently, don’t invest much into public EV charging infrastructure.
Gas stations, on the other hand, have long been considered a lucrative business. They make most of their profit from selling fuel to drivers and, in many cases, supplement their income with attached convenience stores and eateries. There are an estimated 25,000 EV charging stations with more than 78,000 charging outlets in the United States, more than enough to provide their operators…
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