A recent study shows a 4% increase in monthly visits and a 5% increase in spending at retailers near electric vehicle chargers, marking significant benefits for businesses.
Installing electric vehicle chargers has led to enhanced foot traffic and spending, attracting a higher-income demographic and benefiting businesses, especially in low-income areas.
Retailers have started to see the financial potential in electric vehicle charging stations, with Walmart leading the charge by building their own branded charging stations.
Bigger retailers like Walmart recognize the value of owning electric vehicle charging stations, viewing them as a standalone profit-making venture beyond just boosting store traffic.
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