Electric Vehicles (EVs): Will Your Gas Station Need Charging Stations?

Electric Vehicles (EVs): Will Your Gas Station Need Charging Stations?

There is a lot of buzz about electric vehicles in the market. The sale of EVs globally increased by around 168% in the first half of 2021 compared to last year in 2020. Almost 2.65 million units of electric vehicles were sold worldwide. At some point of time in the future, could we see the following being spoken from an electric vehicle owner. “Fill my vehicle up with 15 kilowatts (kW) of premium charge.”

But this is still a long way ahead into the future. Electric cars are still in the budding stage and are relatively new for everyone. Yes, it is a fact that major players like Tesla are speeding up with the developments and introducing new battery technology and vehicle designs that match the family fuel cars existing in the market. Bloomberg New Energy Finance (BNEF) predicts that by 2030, nearly 4 million EVs will be delivered and will represent only a quarter of the vehicles sold in the United States. There will still be a lot of gas-powered cars in 2030, much more than the number of EVs.

The introduction of electric vehicles does not mean that it is the end of the road for gas-powered vehicles, gas and pumping stations, and of course, the petroleum industry. A petroleum service company like PumpTex would tell you that the concept of EV started nearly ten years back and only really became a reality just recently.

The United States has more than 106,000 gas stations. Majority of them are strategically located on interstate highways and roads. Many feel that their future might be at stake and they need to install EV charging points at their stations in order to stay in the competition.

Approach any petroleum service company and they will tell you that they have still not started providing the service for installation of EV charging points at gas pumping stations. Can every electric vehicle owner afford to install an EV charging point at home?

It is next to impossible that Americans will say goodbye to getting their vehicle filled with fuel at a gas station and embrace plugging in at home in the immediate future. According to experts, by installing EV battery charging points, pumping stations are possibly taking their infrastructure away from gasoline vehicles and giving it to something that has a less market share.

There are a lot of complexities regarding recharging electric vehicles, especially with Level 3 chargers. Heavily investing in an EV charging infrastructure may not be a good fit for your business model so be sure to conduct research on market conditions before investing. Another major question mark raised about EV charging is how many people really have the time to wait for charging their vehicle. In the case of filling fuel in the car, a person is actively involved in the entire process from start to end. But this may not be true for EV charging.

There are more than 40 million Americans filling up their vehicle tanks every day. This means 40 million + pumping transactions in a day. PumpTex feels that no way these transactions are going down any time soon unless something comes up which makes things convenient, easy, and less time-consuming than pumping.

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PumpTex, Inc. was founded in 1997 in the back of a garage with the dream of bringing a new level of customer service to the retail petroleum service industry. Over the years, we have grown to become a valuable resource to our customers. Many consider us to be the first responders of the retail petroleum service industry!


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