Re:Toyota Adopts the North American Charging Standard
by mbernstein on Thursday October 19, 2023 @07:40PM
(#37950288)
Energy stations (gas) pay pretty well. Right now Tesla owns most of the electric world and even if their cars fail could become a dominant energy provider.
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Re:Toyota Adopts the North American Charging Standard
by caf on Thursday October 19, 2023 @08:18PM
(#37950567)
Do they? I don't know what the situation is in North America, but here the business model of fuel stations is to sell fuel at near-zero margin and make the profit from impromptu sales to fuel customers in the attached convenience store.
Re:Toyota Adopts the North American Charging Standard
by bluGill on Thursday October 19, 2023 @08:42PM
(#37950788)
Generally you aim for 1/3 gas, 1/3 tobacco, 1/3 snacks. While gas is by far the lowest margin, it is very high volume, with many people not buying anything else.
Re:Toyota Adopts the North American Charging Standard
by bombcar on Thursday October 19, 2023 @09:30PM
(#37951210)
Fast charging stations will likely eventually do even better with the required 15-30 minute stop encouragement toward a coffee or a snack.
Re:Toyota Adopts the North American Charging Standard
by bluGill on Thursday October 19, 2023 @11:00PM
(#37951921)
Probably, but since most charging will be at home, there will be a lot less total $ in play. Great gig if you can be on a route people travel long distances, but otherwise not much profit.
Re:Toyota Adopts the North American Charging Standard
by rootusrootus on Thursday October 19, 2023 @08:28PM
(#37950661)
Margins are tight in the US, a typical gas station has margins comparable to a grocery store. Something in the neighborhood of 2% IIRC. Adding a convenience store definitely helps increase that.
Re:Toyota Adopts the North American Charging Standard
by nomel on Thursday October 19, 2023 @09:30PM
(#37951214)
Wow, this is fascinating.
> their net profit per gallon is around $0.03-$0.07–after factoring in costs like labor, utilities, insurance, and credit card transaction fees. [1]
Average store sells 3000 gallons per day [2], meaning $90 to $210/day profit.
[1] https://fortune.com/2022/08/09/energy-profit-margins-gas-sta...
[2] https://www.convenience.org/Topics/Fuels/Who-Sells-Americas-...