Gas Car Bans May Impact Mom-And-Pop Gas Shops The Most

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Gas Car Bans May Impact Mom-And-Pop Gas Shops The Most
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Gas Car Bans May Impact Mom-And-Pop Gas Shops The Most via insideevs.com

was an important step toward cleaning up the air and addressing climate change. However, as is the case for any major technological and economic transition, there will be winners and losers. Mom-and-pop gas station owners seem likely to fall into the latter category.According to the National Association of Convenience Stores, there are a little over 5,000 independent gas station owners in California, and they’re already something of an endangered species.

EV industry consultant Loren McDonald told the Times that the wave of closures will slowly gather speed. “It will be steady for a few years,” said McDonald, “but in the last five years, as we start to approach the 2035 deadline, these owners are going to start bailing.”See These Related Articles:Under the CARB mandate, sales of gas-powered cars will taper off over the next 13 years.

“The reason we are holding tight to those locations is just because of the real estate,” said Charles Khalil. “Gas stations are on the best corners. Those people are holding on a bit so they could sell it to a developer. That’s what I would do.” Carl Pancutt, Chief Executive of San Pedro-based Cleantek, an EV charging engineering and construction firm, said that installing a DC fast charger can cost from $70,000 to $100,000 for the equipment, and an additional $30,000 to $100,000 for installation. Furthermore, the required electrical infrastructure takes up a good bit of space, and operators can expect to wait two to five years for a charger to begin generating a profit.

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