Economics

Effects of electric vehicle charging stations on the economic vitality of local businesses

Y. Zheng, D. R. Keith, et al.

Discover how electric vehicle charging stations (EVCS) significantly influence nearby businesses in California, boosting annual spending, especially for those within 100 meters. This compelling research, conducted by Yunhan Zheng, David R. Keith, Shenhao Wang, Mi Diao, and Jinhua Zhao, reveals the economic benefits of public EVCS, particularly for underprivileged areas!

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Abstract

This study investigates the economic impact of electric vehicle charging stations (EVCS) on nearby businesses using data from over 4000 EVCS and 140,000 business establishments in California. Results indicate that installing one EVCS boosts annual spending at nearby establishments, with a more pronounced effect for businesses within 100 meters. Public EVCS attract higher-income visitors and benefit businesses in underprivileged areas, highlighting their role in local economic growth and the advantages of multi-host EVCS setups.

Publisher

Nature Communications

Published On

Sep 04, 2024

Authors

Yunhan Zheng, David R. Keith, Shenhao Wang, Mi Diao, Jinhua Zhao