Starbucks to Lure Customers by Installing EV

New Post Public Reply Private Reply Replies (0) Message Board
NetworkNewsWire
331
Starbucks to Lure Customers by Installing EV Chargers

Electric cars may not be as convenient as fossil fuel cars yet, but companies across the country are working hard to change this. From installing public chargers along roads across the country to providing facilities to keep EV drivers comfortable while their vehicles charge, much is being done to make EVs more convenient.

But there’s a big difference between EVs and regular cars. While internal combustion engine cars almost exclusively get their fuel from gas stations, around 85% of all EV charging happens at home. Most EV drivers will only need to use a commercial charger when they have long journeys.

Even with super-fast charging and a compatible electric car, it will take around 20 minutes to charge. Depending on the charging speeds, this can mean a wait of up to 45 minutes to an hour. Starbucks is looking to capitalize on these wait times.

Fast Company reports that Starbucks plans on installing electric vehicle chargers on its parking lots in partnership with Chargepoint and Volvo. The partnership will see 60 DC fast chargers installed every 100 miles at 15 locations along a 1,350-mile route connecting Denver to Seattle.

Starbucks chief sustainability officer Michael Kobori calls this route a “charging desert” as it has few charging stations. He says that it makes sense to pair EV charging with Starbucks because it gives EV drivers time to eat, rest and plan the rest of their route while their cars are charging.

Starbucks locations in Idaho will soon be home to DC fast chargers that will serve both travelers and local residents. Chargepoint and Volvo will handle all the legal processes involved and install the charging stations.

According to Kobori, the planned network of charging stations will provide much-needed infrastructure to underserved communities as the route goes through numerous federal opportunity zones. Starbucks will assess usage rates in the pilot program before determining whether or not it will expand the EV charging service nationally.

At the moment, electric vehicles make up a small percentage of the vehicles on the road. They are too expensive for most Americans, and the lack of widespread and reliable public charging infrastructure makes the cost of owning an EV even higher as owners may have to install chargers at home.

However, as the cost of manufacturing EVs becomes cheaper and their cost drops, more and more drivers will need a place to relax while their electric cars charge. Alongside Starbucks, many more companies will undoubtedly use this to their fiscal advantage. The net result is that EV manufacturers, such as Mullen Automotive Inc. (NASDAQ: MULN) could see the growing interest in electric vehicles turn into actual sales.

NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN

Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.GreenCarStocks.com/Disclaimer


Mullen Automotive Inc. (MULN) Stock Research Links

MULN Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Top 5 Most Recently Viewed Articles

ValidiFI Teams with Velera to Enhance Credit Union Services

Updated Category News Views 182

ValidiFI Partners with Velera to Enhance Credit Union Services ValidiFI, a recognized leader in bank account validation and payment intelligence, has joined forces with Velera, a prominent credit union service organization (CUSO). This partnership aims to provide cutting-edge financial solutions to credit unions, enhancing their member onboarding and application processes...

Continue Reading
Join the Movement: Ending Youth Homelessness This November

Updated Category News Views 168

Covenant House Urges Action: Youth Homelessness Awareness Month This November, Covenant House calls upon individuals, community advocates, business leaders, and influencers to unite and take significant actions to combat youth homelessness. As the largest nonprofit organization operating in 34 cities throughout five countries, Covenant House is dedicated to providing safe...

Continue Reading
Shilpa Pharma Lifesciences Earns EcoVadis Gold Medal for Sustainability

Updated Category News Views 142

Shilpa Pharma Lifesciences Recognized with EcoVadis Gold Medal Shilpa Pharma Lifesciences Limited has recently achieved a remarkable milestone by receiving the esteemed EcoVadis Gold Medal, awarded by the world's most recognized provider of sustainability ratings. This accolade emphasizes the dedication of the company towards sustainable practices that are vital in...

Continue Reading
Concerns for Gen Xers: Retirement Readiness Lags Behind Needs

Updated Category News Views 121

Gen X Faces Retirement Challenges As the oldest members of Generation X near the age of 60, a concerning trend is emerging regarding their financial preparedness for retirement. A recent study indicated that only a mere 14% of Americans aged 44 to 59 feel they have adequately saved for retirement. This demographic, now entering a vital stage of their lives, expresses a...

Continue Reading
Target Corporation Holiday Sales Insights and Leadership Changes

Updated Category News Views 244

Target Corporation Reports Holiday Sales Performance Target Corporation (NYSE: TGT) has announced some exciting news regarding its holiday sales performance during the combined months of November and December. The company reported a total sales increase of 2.8 percent compared to the previous year, with comparable sales increasing by 2 percent. Additionally, digital sales...

Continue Reading