What will happen to gas stations after electric cars?
“Gas stations will exist, but will have a different kind of model,” said Amaiya Khardenavis, a Wood Mackenzie analyst. And many of today's gas stations will evolve into EV charging stations. “Gas stations are prime real estate locations, so they are excellent candidates for installing charging infrastructure,” he said.
The Impact on the Oil Industry
Big oil companies, beware. Electric cars are coming for you. The IEA predicts that electric cars will displace 5 million barrels of oil per day by 2030, and 13 million barrels per day by 2040.
Last year, the California Air Resources Board issued new rules that were first rolled out by Governor Gavin Newsom in 2020, which would require 100 percent of new cars sold in the state to be free of carbon emissions by 2035. California is the largest auto market in the US and one of the largest in the world, and ...
Based on 2019 data, the US would need to produce 20-50% more electricity in a year if all cars were EVs. According to data from the Department of Energy (DOE), the cost of powering EVs is approximately 35-75% cheaper than the cost for gas-powered vehicles per mile.
In California, thousands of gas stations will be impacted by the 2035 deadline set by Governor Newsom, requiring all new cars and passenger trucks sold in California to be zero-emission vehicles. This news forces operators to consider redevelopment and renovation focused on serving more electric vehicles.
The number of gas stations has been declining for decades
Fast forward to 2013, and station numbers had decreased by 25% or almost 50,000, and by 2020 that number had shrunk to 115,200. A 2019 report by BCG predicts that 80% of conventional gas stations could be driven (pun intended) out of business by 2035.
Electric cars are expected to displace around 2.5 million barrels of oil demand daily by 2025. BNEF estimates that electric and fuel cell vehicles will displace 21 million barrels per day in oil demand by 2050. Some industry watchers and economists view EVs as the archnemesis of the oil industry.
While electric cars will not be replacing gas-powered vehicles in the near future, the process of internal combustion engines becoming obsolete has already begun according to Kiplinger. Many things need to change to fulfill electric car future predictions.
Myth #2: Electric vehicles are worse for the climate than gasoline cars because of battery manufacturing. FACT: The greenhouse gas emissions associated with an electric vehicle over its lifetime are typically lower than those from an average gasoline-powered vehicle, even when accounting for manufacturing.
The impact: The transition from gas to electric cars will take decades. It'll likely take until at least 2050 — and possibly longer — before most gas-powered cars are off the road, Campau says.
Can you still drive gas cars after 2035?
But owners of vehicles with internal combustion engines will still be permitted to operate or resell them after 2035. With the average lifespan of a car in the U.S. pegged at about 12 years, there will be a need for gasoline for decades to come. Still, that demand will decline dramatically.
Without access to gasoline, these vehicles would no longer be able to operate on public roads. Classic car owners may face the difficult decision of either converting their vehicles to electric power or preserving them as static displays.
A question that frequently comes up when discussing electric vehicles (EVs) is: “Can the grid handle it?” The short answer is “yes.” Getting that answer, however, takes working through a number of other key questions and doing a little bit of math.
The short answer is no, there are currently no plans to force individuals to purchase electric cars. The transition to electric vehicles is being encouraged through a combination of incentives, regulations, and market forces.
EVs won't draw all the grids power but they may require additional capacity which could come from further energy efficiencies elsewhere or from renewables. An additional problem for the power grid is that EV chargers are designed to deliver a controlled current to lithium-ion batteries.
Predictions vary and largely depend on consumption rates, but experts estimate that it will be between 90 and 120 years before we run out of natural gas.
Assuming the same annual rate of U.S. dry natural gas production in 2021 of about 34.52 Tcf, the United States has enough dry natural gas to last about 86 years.
While gasoline may face increasing competition, it is unlikely to disappear entirely in the next 10 years. Marcin Frąckiewicz is a renowned author and blogger, specializing in satellite communication and artificial intelligence.
In a report last month, Thunder Said Energy, a Europe-based energy research firm run by industry analyst Rob West, said that even if 97% of new car sales in the developed world are fully electric in 2050, there will be about 1 billion gasoline-powered and hybrid vehicles on the world's roads that year.
The National Renewable Energy Laboratory estimates that 182,000 fast chargers will be needed by 2030. Fast chargers can get a battery to 80% of its capacity in 20 minutes to one hour, making them optimal for travel corridors and in some cases comparable to the time it takes to fill a car with gasoline.
How much longer will gas cars be around?
It'll likely take until at least 2050 — and possibly longer — before most gas-powered cars are off the road, Campau says.
Gasoline-powered cars still offer certain advantages, such as a longer driving range and the ability to refuel quickly. If you frequently embark on long road trips or live in an area with limited access to charging infrastructure, a gas car may still be a practical choice for you.
