Re:Electric vehicle battery prices are falling faster than e...
by jewayne on Friday November 17, 2023 @05:40PM
(#38311558)
> There will assuredly still be plenty of open gas stations in 2035.
I am not sure of this at all. At the very least, we can bet by that timeframe the number of gas stations still in business will be going down. Why? For the same reason I don't have a Boston Market or Pei Wei near me any more. Because capitalism.
Investors will not necessarily wait for even 50% of the cars on the road to be electric before they start pulling their money out of gas stations. And especially because most stations make very little at the pump anyway -- they make most of their money in the attached convenience store. I don't know how long pumps and underground tanks last, but I would expect that by 2030 some stations will be opting out of replacing warn out pump equipment. And I expect this to start in neighborhood stations in wealthy areas first, where EV adoption and land value are both high.
Re:Electric vehicle battery prices are falling faster than e...
by nicoburns on Friday November 17, 2023 @07:51PM
(#38313268)
Yeah, I would guess 2035 is probably a little early for them to be actually scarce, but I would expect the downward trend to be well on its way by then.
I am not sure of this at all. At the very least, we can bet by that timeframe the number of gas stations still in business will be going down. Why? For the same reason I don't have a Boston Market or Pei Wei near me any more. Because capitalism.
Investors will not necessarily wait for even 50% of the cars on the road to be electric before they start pulling their money out of gas stations. And especially because most stations make very little at the pump anyway -- they make most of their money in the attached convenience store. I don't know how long pumps and underground tanks last, but I would expect that by 2030 some stations will be opting out of replacing warn out pump equipment. And I expect this to start in neighborhood stations in wealthy areas first, where EV adoption and land value are both high.