3 ms·
For gas stations, the profit from gas is ~1%, but the profit from snacks etc. is much higher. So gas stations could easily add electric charging stations and co
by ph0rque 11y ago
For gas stations, the profit from gas is ~1%, but the profit from snacks etc. is much higher. So gas stations could easily add electric charging stations and continue making profit. Source: worked at Sheetz during high school and college, sat through their corporate presentations from time to time.
Now, it is true that the electric charging stations have to compete with an additional category: people charging at home, so there will be gas station closings. The first franchise to add electric chargers should still be profitable, though.