According to a new study by MIT researchers, opening a charging station in California significantly boosts annual spending at nearby businesses, showing economic benefits beyond environmental factors.
Lead author Yunhan Zheng highlights that the financial boosts for local businesses can offset the costs of installing EV chargers, suggesting a strong economic rationale for expanding charging infrastructure.
The study emphasizes that the increase in local consumer spending is particularly beneficial for businesses in underresourced areas, thereby enhancing community economic resilience.
The authors of the study aim to shift the narrative around EV charging stations to include their economic impact, not just their environmental advantages.
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