The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreOct 2017
US$1,325Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
This report focuses on opportunities for retailers in the United States to invest in installing fast-charging electric vehicle charging stations. Electric cars using fast-charging stations take 30-45 minutes to reach a nearly full charge. The short charge time and high income demographics of electric car buyers in the United States represents an opportunity for retailers to invest in infrastructure now to attract these customers for the long term.
Files are delivered directly into your account within a few minutes of purchase.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
According to the US Department of Energy, fewer than 20,000 plug-in hybrid(PHEV) or all-electric vehicles (EVs) were sold in 2011; by 2015, this numberhad risen to over 110,000. 72,000 of which were all-electric.
The average annual household income of an EV buyer is at least USD150,000(double the average household income of the average new car buyer),according to TrueCar
Automakers – such as Tesla with its new Model 3 (priced from USD35,000before incentives) – are beginning to offer high-volume all-electric vehicles tothe mass market with long-range batteries.
Fast chargers currently comprise less than 15% of total public stations in theUS. Their convenience (30-45 minutes for an 80% charge) is essential indense urban areas, or when on long-distance journeys where drivers do nothave access to a dedicated charging port or time to wait for slower alternatives
Automakers’ investment in EV charging stations will likely come in the longterm in the US. In the short term, businesses with the following characteristicsshould invest in EV chargers: ample parking spots; urban or inter-urbanlocations; stable or growing in-store demand from wealthy consumers.
With the exception of Tesla, no major automaker has backed significantelectrification initiatives in the US; neither has the US government. Privatecompanies are left to pick up the slack, which means that the most primecharging locations remain available. Retailers that invest now will benefit froman early-mover advantage and secure investments with a positive long-termreturn
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.