image credit: Pxhere

Is EV right for the U.S. gas station business?

November 13, 2020

Electric vehicles only broke the 2% mark in yearly light-duty vehicle sales this year. Despite the low figure it has become an unavoidable topic of discussion for the fuel retail industry – with many operators wondering if they should install EV chargers, and suppliers if they should start providing the technology and service.

24% of members from the Petroleum Equipment Institute (PEI) are actively engaged in EV charging station installation compared to the 7.9% of last year. 35% still have not decided if they will get involved, explained Rick Long, Executive Vice President of PEI in his State of the Industry presentation.

Read More on PetrolPlaza