Earlier quoted context omitted.
When it started taking 30 minutes to "fill up" your car. High speed chargers can cost >$200k installed. A gas pump costs about $25k installed. If the average person spends 4 minutes at a pump, that comes out to: The time value of a slot at a super charger can be >$5 for each charge. The time value of a slot at a gas pump is ~$0.07 per fill up. The economics of a charging business are awful. High CapEx, few cars, not…
> There's a reason you don't see immigrants from all over the world coming to the US to open charging stations the way you saw them opening gas stations. As the other commenter said, AFAIK, the majority of a gas station's income comes from the convenience store, no? Profit margins on gas are really low - Google says it's around 2%.
* many prime charging station locations are where the gas stations currently are. The high installation costs and long charging times mean you’d lose money swapping them 1:1 right now, and most gas stations are already optimized to hold the max pumps per spot of land.
* it is challenging to find new locations not least because cities have found out that gas stations are pretty problematic uses of land when it comes to neighborhood desirability, traffic, etc. so many are loth to approve new charging locations.