When it comes to powering electric vehicles, most drivers charge nightly at home. However, when travelling on long distance trip, owners need a network of fast chargers that can quickly charge their cars and get them back on the road. This need presents an incredible opportunity to retailers who have the foresight to take the first-mover advantage. EV owners also present unique opportunitiesto retailers including:

• Early adopters who typically have higher disposable income than owners of traditional vehicles.
• Longer charge times compared to gas refueling which will encourage more retail sales versus gas refueling.
• Current EVs typically need to be recharged more frequently than internal combustion engine vehicles need to be refueled.

Retailers with the vision to move quickly and fill the market needs will potentially reep enormous benefits from the coming transition.