Why Walmart Will Add EV Charging Stations to Its Stores
According to S&P Global Mobility, by 2030, more than one in every four new passenger cars will be electric. The research firm estimates that the "tipping point" for EV adoption will occur as early as 2026, when Americans will feel more at ease with the technology and the charging infrastructure that will support them.
Read: Why is GM launching a New Business Unit to Connect EV chargers to Homes and Businesses
Walmart has examined the data and concluded that more charging stations would be beneficial not only to the environment, but also to business. As a result, the nation's largest retail giant recently stated that it will install more charging stations to its 4,635 Walmart and Sam's Club locations.
"By 2030, we intend to build our own EV fast-charging network at thousands of Walmart and Sam's Club locations coast-to-coast," said Vishal Kapadia, Senior Vice President, Energy Transformation. "This would be in addition to the almost 1,300 EV fast-charging stations we already have available at more than 280 U.S. facilities."
Walmart has joined the ranks of other major corporations in expediting their entry into the charging game. Taco Bell announced the addition of charging stations to their locations in October of last year. EV charging efforts have also been undertaken by Starbucks, 7-Eleven, Target, Pilot Flying J, and Love's Travel Stops & Country Stores.
"With a store or club located within 10 miles of approximately 90% of Americans, we are uniquely positioned to deliver a convenient charging option that will help make EV ownership possible whether people live in rural, suburban, or urban areas," said Kapadia.
When that moment comes, Walmart wants to be ready.
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