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We frequently remind potential site hosts that EV charging brings in new business, but it doesn't hurt to have research from Massachusetts Institute of Technology to back up our point... A new study around the impact of new EV charging stations (EVCS) in California over multiple years identifies uplift in revenue opportunities for individual businesses and communities alike. The findings include: "Newly-opened EVCS [led] to an average yearly total gain of $22,813 in customer spending in 2019. Taking into account all newly-opened EVCS in California, the total gain in customer spending amounted to $6.7M in 2019 and $19.5M between January 2021 and June 2023." Benefits stretch beyond the quantitative for some communities, with exposure to local attractions and word-of-mouth marketing two further advantages that adding EV charging delivers. If you've been thinking about offering EV services at your site - or have recommendations for locations that you'd like to see add charging for your vehicle in future - get in touch with us via ena@elywhere.com. #EVcharging #ConsumerSpending #EVbusiness

  • Effects of EVCS opening on customer spending across different income groups (MIT Study)

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