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Putting The "C" In C-Store

Credit: Michael Fousert on Unsplash

By 2030, electric vehicles (EV) are forecast to make up between a quarter and half of all new vehicle sales in the US. This has some convenience store (aka gas station) operators nervous. They shouldn’t be. Here’s why:

  • So-called “fast charging” technology isn’t all that fast. Even the best-case scenario requires at least 10 minutes for a decent charge. Compare that to the 3-4 minutes required to fill a tank from a fuel pump, time that requires (at least in theory) the driver to be at the pump. So average available shopping time more than doubles.
  • Gas stations don’t make much profit off selling gas. The real margins are in the convenience store, so that added shopping time means more opportunities for profitable transactions.
  • There will still be tens of millions of gas-powered cars on the road. This isn’t disruption, it’s gradual transition.

The next big step for the EV industry is to figure out the infrastructure. Right now, it’s a patchwork of manufacturer-owned or licensed facilities and smaller startups. Some convenience stores are adding EV chargers, but it’s expensive and the technology is evolving rapidly—older chargers become obsolete quick. Widespread EV charging adoption will likely be slow. Meanwhile, savvy operators are putting all their efforts where their profits are by retooling and improving their convenience offerings.

We can help with this, give us a call if you to see how.

    IN OTHER NEWS

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  • Tesla is making more money trading bitcoin than it is selling cars.
  • Q1 GPD grew at 1.6%. That's an annualized rate of 6.4%. LFG!!
  • Mark Woods at the FTU has an excellent list off his top 10 favorite national park spots in (or near) northeast Florida.
  • If you have ever worked in retail even a single day in your life, watch this video immediately. You're welcome.
  • Happy Ed Balls day to those who celebrate.
  • A long running national debate finally settled: What is the correct way to count off in rock paper scissors?

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CHECK THIS OUT

Miracle Of Modern Science

Credit: NYTimes

The NY Times has a new interactive feature on the entire manufacturing process for the Pfizer vaccine and the mRNA technology behind it.

Inspiring stuff.

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SHOP TALK

Summary

The Jacksonville Transit Authority’s plan to replace the Skyway with an autonomous transit system has a lot of folks scratching their head. Thankfully, Ennis Davis at the Jaxson sat down with JTA to get answers on some of the most pressing questions.

Read the interview at The Jaxson.


Credit: JTA

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BREAK ROOM

What happens when you install a community's first roundabout but fail to include any signage?

Utter chaos.

We need a palate cleansing GIF after that. Here:

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