🔋 Stores are starting to profit from EV charging stations

• A new study shows that stores within 200 meters of charging stations get 4 percent more visitors and 5 percent increased sales.
• Over 200,000 public chargers are now deployed at approximately 74,000 stations in the USA.
• Walmart plans to build thousands of its own charging stations by 2030 and is investing 1-1.5 million dollars per location.

New data shows increased sales

A recent study from Boston University and University of Wisconsin-Madison has analyzed the effects of nearly 1,600 Tesla Supercharger stations in over 800 American counties. The results show that stores within 200 meters of the charging stations received 4 percent more visitors after installation. For stores within 150 meters, sales also increased by 5 percent, reports the NY Times.

Stores build their own charging stations

Large retail chains now see charging stations as their own profit-generating business. Walmart, the USA's largest retail chain, is building its own charging stations under its brand instead of leasing parking spaces to external operators. The company expects to invest between 1-1.5 million dollars per charging station and plans to have thousands of stations in place by 2030.

The grocery chain Hannaford has installed charging stations at 24 of its 189 stores. At a Tesla charging station outside Hannaford in Portland, Maine, around 2,000 charging sessions are conducted per month. Customers shop while their car charges, creating additional sales opportunities for the store.

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