Electric vehicle (EV) adoption and charging infrastructure positively impact local businesses in polluted communities through economic stimulation and improved public health conditions.
Economic Benefits
- Increased spending: Installing EV charging stations (EVCS) near businesses leads to higher customer spending. One study found a 1.4% annual boost ($1,478 per establishment) in 2019 and 0.8% increase ($404) from 2021–2023. Businesses within 100 meters of an EVCS saw even larger gains (2.7–3.2% growth).
- Attracting higher-income customers: EVCS draw visitors who may engage in nearby shopping or dining while charging, particularly benefiting underprivileged areas.
- New revenue streams: Businesses like restaurants and car washes can offer charging services, combining them with existing operations to attract eco-conscious customers.
Health and Environmental Benefits
- Reduced air pollution: EVs lower GHG emissions and local air pollutants, improving public health in communities near high-traffic areas.
- Targeted improvements: In rural or polluted areas, EV adoption directly reduces exposure to tailpipe emissions, offering health benefits to residents and workers.
Community Development
- Equitable growth: EVCS expansion in underprivileged areas fosters economic vitality while promoting cleaner air, addressing both economic and environmental disparities.
- Tourism and connectivity: Rural communities integrating EV charging can attract travelers, boosting local tourism and business revenue.
By combining customer retention strategies with emission reductions, EVs help polluted communities achieve dual economic and environmental resilience.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-do-electric-vehicles-impact-local-businesses-in-polluted-communities/
