Craig Allen K.’s Post

How EV Charging Stations Increase Retail Revenue - 4% increase -- two different studies. Note too that the EV charging stations installed at Kohls are now branded Shell (made by Peerless-AV) https://lnkd.in/gNhfXUDJ

The real estate industry is going to subsume the gas station industry. This is the future. For consumers, convenience wins. Why go out of your way to an EV charging station if you can fuel up at the grocery store, at the gym, or while you're at a restaurant? Thinking we need a bunch of dedicated EV charging stations is cognitive bias based on how we conceive of gas stations today. The "gas station" of the future is electrons that meet you where you're at. For businesses, profits win. Businesses will do what makes them money. EV charging did not make financial sense for a long time. That is changing, driven by tenant demand and lowering installation costs. Retailers like Walmart and Costco will lead the way, but other asset classes like multifamily won't be far behind. This is a win-win-win, and the biggest winner is the real estate industry. A tremendous amount of real estate today is undervalued, based on its energy generation potential. As the cost of solar and storage goes down, and more real estate owners unlock their true energy generation potential, energy will be a huge revenue generator for real estate owners. #proptech

Really powerful line as American's tussle with the idea of homeownership: "A tremendous amount of real estate today is undervalued, based on its energy generation potential."

As fuel and convenience retailers modernise their pumps with electric vehicle charging, here are the three factors for success✨

Completely agree. Standalone fueling stations (thankfully) will be a thing of the past and we can all get something more valuable out of that space. Not to say convenience stores are dead. In Japan, "konbinis" deliver standalone value for travelers on the go. For charging, the solutions that meet customers where they are will always win. Solutions for home, work, and other retail will dominate - saving customers from dedicated trips to chargers. At Inductive Robotics, we're focused on workplaces, commercial parking, airports, and other long-dwell environments.

EV charging costs have fallen by up to 10% in the last year

With their established networks of stations, access to capital and knowledge of customer needs, fuel retailers are in a strong position to claim ownership of the electric vehicle (EV) charging market.   However, the transition is not without its challenges: ·        Sales of EVs are slower than expected amid intensifying price wars ·        Transforming the business model is a major business disruption and risk ·        Extremely high energy costs result in many EV charging operations running at a loss ·        There’s formidable new competition from other entrants, including OEMs, power companies and CPOs ·        These types of large-scale capital investments must not only earn back the capital invested but also operate profitability.   If you’re figuring out how to profitably capture the EV charging opportunity, here are the three factors for success 👇   #fuelretail #cstore #customerexperience #unifiedcommerce

🚗⚡ Despite falling wholesale energy prices, the cost of using public rapid and ultra-rapid chargers remains high, according to the latest data from RAC Charge Watch. 📊 While drivers charging at home enjoy remarkably low rates 🏡🔌, those relying on ultra-fast chargers for longer journeys face virtually unchanged prices since the start of the year. 📈 #EVCharging #Sustainability #ElectricVehicles #EnergyTransition #EVDrivers #Innovation #GreenEnergy

In a recent publication by The New York Times, EV charging stations are transforming retail real estate, and the numbers are clear: 📈 Boosted Retail Traffic: A peer-reviewed study of Tesla Supercharger stations found a 4% increase in monthly visits and a 5% increase in spending at retailers. 💰Market Differentiator: Only 1 in 14 big-box stores, 1 in 15 grocery stores, and 1 in 40 department stores currently offer EV charging. Many real estate owners are pairing EV charging stations with carport solar. Solar carports can directly feed clean electricity into EV chargers, reducing grid dependency and lowering operational costs. Additionally, they provide practical amenities, offering shade in hot climates and protection from snow or rain in colder regions. By Jane Margolies #EVCharging #Solar #Carports #RetailShopping #CleanEnergy #EV https://lnkd.in/eqBX9PcT

Are you a retailer considering investing in an EV charging infrastructure? 🔋 Expanding your offering to include EV charging holds a golden opportunity. ⭐️ However, due to time and financial resource constraints, retailers need to carefully pinpoint the optimal locations to begin their electrification journey. Want to learn more on how to choose the right location and optimize your retail charging site? ↗️ In our latest blog post, our retail expert Oscar Sánchez shares tips and considerations on how to make informed decisions, ensuring a smooth and efficient rollout that maximizes return on investment. 🙌 https://lnkd.in/eWJZsFHH #kempower #DCfastcharging #Retail #evcharging #electricvehicles