Walmart said it will add electric-vehicle charging to thousands of its U.S. stores by 2030, on the belief that EV adoption is reaching a tipping point.
As of January, there were 150,000 public charging ports in the United States, an increase of 38,000 from the beginning of 2022, according to the Energy Department.
Analysts say that number needs to grow by more than fivefold by 2025 to meet demand. Better maintenance is also essential to address driver complaints of broken and unreliable chargers. “Charging companies in many cases are not doing a good job delivering on reliability,” Rod Lache, an auto analyst at Wolfe Research, said at a recent automotive conference. “It’s a big problem because you could potentially damage the industry for some time if that’s not addressed soon.”
Kapadia said maintenance would be a top priority for Walmart’s network. The company sees EV charging as both a profitable business on its own and a way to bring customers into stores, he said.“There’s an obvious opportunity for us to leverage the real estate footprint that we have, which is very unique within the market,” he said.
Over the years, the retailer has tried to use its giant parking lots to draw customers in other ways, including by allowing recreational vehicles to park overnight.
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