Study: EV Chargers Benefit Neighboring Businesses

Refilling an electric vehicle (EV) battery takes longer than refilling a gas tank. This is good news for companies that sell EV chargers.

A new study from the Massachusetts Institute of Technology found that “charging station openings increased annual spending at each neighborhood store by an average of about $1,500 in 2019.” Profits decreased to $400 per case.

Photo and Credits: This article appeared at KBB News on 2024-10-02 23:31:11

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