Electric vehicles and gasoline stations
  • The electrification of cars will have a big impact on gasoline stations.
  • This was a nice piece analysing this impact.
  • It is from Harding Loevner, using Circle K (owned by Alimentation Couche-Tarde $ANCTF) in Norway (which has electrified faster than other countries) as their case study.
  • Positives – charging takes a lot longer = higher conversion to spending customer + longer in store.
  • About 15% of gasoline customers venture inside to make additional purchases during their car’s few minutes at a Circle K pump, while 40% of EV drivers do so during the 20–30 minutes their vehicle is charging.
  • Negatives – three quarters of charging is done at home.
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