A well-known independent newsletter on fuel prices and gas stations has expressed skepticism about the addition of many more electric vehicle (EV) charging stations to U.S. gas stations, in line with Biden administration priorities when it comes to the country’s transportation infrastructure.
The Nov. 17 edition of the Lundberg Letter called the advocacy of much wider EV charger coverage in such settings as an “emerging boondoggle.”
“Gasoline retailers are being told by experts that they must install electric vehicle chargers to survive the ‘energy transition’ and cash in on lucrative subsidies. This report finds some problems with this panacea including massive costs, limited demand, government competition, and meager margins,” the report states….