Rising Gas Prices Another Reason for Retail to Install EV Chargers

The number of charging stations on the market now are inadequate to meet the needs of existing EV motorists.

Retail properties stand to benefit greatly from the growing number of electric vehicles on the road, a new post from the National Association of Realtors, points out, noting the synergy between electric charging stations and retail sales are similar to convenience stores’ relationship to gas stations.

“EV charging stations amount not only to an added convenience amenity allowing consumers to refuel as they shop, but they have the potential to increase footfalls and to promote shoppers lingering in projects and stores for longer periods of time,” David Greensfelder, managing principal, Greensfelder Commercial Real Estate, tells GlobeSt.com. Read more