America’s 150,000 gas stations and convenience stores are debating EV charging—balancing dismal economics against projected gains for electric vehicles
American gas-station owners are facing a tough decision over whether to invest in electric-vehicle charging stations, a costly bet that currently makes little financial sense but might help future-proof their businesses.
Some gas stations, convenience stores and truck stops are adding chargers to test the technology and protect their market share for the long run. Others say they crunched the numbers and decided they can’t justify the cost, given the small share of electric-vehicle drivers. Charging units and installation typically cost upward of $100,000 each, and might entail the expense of tearing up pavement to lay conduit.
Auto makers including General Motors Co. and Ford Motor Co. are aggressively expanding their lineups of electric vehicles, and President Biden last week
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