Gas Stations Tear Out Pumps, Replace With Electric Chargers

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By Douglas A. McIntyre Updated Published
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Gas Stations Tear Out Pumps, Replace With Electric Chargers

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Gas stations (or filling stations as they were known officially) first opened in the early 1900s. The U.S. Census Bureau says there are almost 120,000 nationwide.

As gasoline-driven cars give way to electric cars, the station owners have to start making bets on how quickly the American driver will move from a fossil fuel-driven car to one that can be plugged in. Some gas station owners have started the conversion, tearing out gas pumps for charging stations.

Green Car Reports says that the process is farther along in some places than in others, which would make sense since the distribution of electric cars is not even across America. As of the last count, Maryland had about 21,000 electric cars registered. The population of the state is dense enough, particularly near Washington, D.C., and Baltimore, that there are plenty of chances to “sell electricity.”

The movement of gas stations toward electric car chargers has two risks. The first is that several surveys show that the adoption of electric cars could slow. An AAA study showed that most Americans don’t think there will be many electric cars on the road in the next 10 years. That may be due partly to the fact that very few car companies sell mass-market electric vehicles.

The other problem for gas station owners is that Tesla figured out years ago that it could not sell its cars without a large charging network. It has over 1,600 Supercharger stations with 14,000 Superchargers. Most are in or around big cities, which is the only intelligent play. So, gas station owners are in direct competition with the largest electric car manufacturer in America. Tesla also sells chargers people can use in their homes. It does not say how many of these there are.

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The gas station owner has a final challenge: what to charge per car at a charger. Tesla charges $0.28 per kilowatt-hour, but it has complex programs that can make that less. The station owner has to calculate what it will cost to pay for the charging station and whether Tesla and other electric cars companies eventually will flood the market.

24/7 Wall St. recently looked at the best new cars in America.

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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