Forecourt Trader - 30 years at the heart of the fuel retailing community

Electric charging sites will outnumber forecourts in 4 years, says Christie & Co

Merril Boulton ·

The number of electric charging locations will outnumber petrol filling stations within four years, according to Nick Bywater, associate director of Christie & Co, which was exhibiting at this week’s National Convenience Show.

He says that while sales of electric vehicles currently represents only a small percent of new car registrations, he believes it is the lack of public rapid charging infrastructure that is one of the major barriers inhibiting their use. But as government initiatives towards research and development are set to increase - such as the proposed AEV Bill, which includes the promotion of the installation of public charging points - he believes the landscape of forecourts and consumer habits are bound to change.

“Considering the 23% increase in electric charging locations in 2017, the number of charging locations will outnumber petrol filling stations within four years,” he claims. “The number of charge points already does!”

“Charging stations are like swimming pools at hotels, in that they tick the box as an amenity, but not everyone will use them. Forecourt operators will need to diversify their offering and services, with heavy focus on convenience retail income.”

He said many operators had turned to expanding their convenience retail offering to combat any potential decline in fuel sales - which will probably only decline as the number of alternatively-fuelled vehicles increases.

“The installation of EV charging points begs consideration of space and associated costs. Consumers will likely seek to combine recharging with another activity, such as checking email, making calls or other purchases on site. While this would increase footfall and boost retail revenue, smaller sites may have limited capacity to accommodate this and may struggle to adapt.”

As the pricing structure for EV charging is still developing, Bywater said the need for a physical payment point is effectively removed: “EV charging companies can facilitate payment directly from their customers online,” he said. “Nor are they bound to sell their product at traditional petrol filling stations. Drivers may also choose to charge their cars at home, albeit more slowly.

“EVs are expected to provide an acceptable charging range and reach price point equivalence with their petrol/diesel counterpart by 2024. Beyond this tipping point, charging revenue will not completely offset declining fuel sales.”

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Weekly retail fuel prices: 21 May 2018
RegionDieselLPGSuper ULUL
East130.6672.90137.76127.60
East Midlands130.07139.72127.28
London130.8869.90138.22128.07
North East129.75139.97126.92
North West129.9063.80136.55126.76
Northern Ireland128.87132.90126.06
Scotland130.18135.76127.16
South East131.00139.10128.21
South West130.33137.26127.36
Wales129.86136.97126.64
West Midlands129.7264.90136.86127.17
Yorkshire & Humber129.4557.90137.13126.61

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