Understanding The Gas Station Business Helps Us Understand The Future of EV Charging

In many ways, EV charging represents a new frontier. Unlike traditional gas stations with underground tanks, EV charging stations can be set up almost anywhere, from shopping malls to rest areas. However, this doesn’t mean that fuel retailers will be left behind in the future. Gas stations serve not only a car’s needs but also human needs.

The future of gas stations in the EV era is still uncertain. The importance of amenities for EV drivers is becoming more apparent, as they tend to spend more time at charging stations. To understand the future of gas stations, we need to delve deeper into how the gas station business operates.

An insightful interview with a seasoned gas station owner sheds light on the industry. This article will explore the key takeaways from the interview and the valuable lessons we can learn.

There are 111,000 gas stations in the USA to serve the 40 million Americans filling up their car daily.

They are part of our culture and everyday life and we can’t function as a society without them.@gas_biz has built a storied career in the gas station industry. His stories… pic.twitter.com/GDXKhlgHMz

— Chris Powers (@fortworthchris) February 27, 2024

Chris, also known as “Gas Biz Guy,” entered the gas station business due to family ties. He has been in the industry since high school when he decided to forgo traditional education and focus on running a gas station. Despite the challenges he faced, he found success by adapting to his customers’ needs and introducing innovative services like check cashing and ethnic food offerings.

While some believe the profit lies in the convenience store rather than gasoline sales, Chris emphasizes that the business model depends on the location. He stresses the importance of service, location, and variety in attracting and retaining customers. Providing fast service, maintaining a welcoming atmosphere, and offering diverse products like vapes and energy drinks are key strategies for success.

Through perseverance and innovation, Chris expanded his business to multiple stations and became a gas station investor. Despite facing setbacks during the 2008 financial crisis, he managed to overcome challenges through resilience and creativity.

Looking ahead to the future of gas stations in the EV era, Chris remains optimistic and adaptable. He believes in evolving with the changing landscape and leveraging real estate opportunities to thrive in the new industry paradigm.

For more insights from Chris and his experiences in the gas station business, watch the full interview. His entrepreneurial journey serves as a testament to the importance of flexibility and determination in the face of adversity.