Norwegian gas stations: It’s too expensive to build fast chargers for electric vehicles

Fast chargerPhoto: Berit Keilen / NTB

Gas stations are reluctant to invest in fast chargers because it requires large and unprofitable investments.

When it comes to investing in fast chargers, the risk is too high, and the returns are too low, most petrol stations believe, according to newspaper Aftenposten.

According to a survey among Virke’s member companies, eight out of ten companies expect an increase in demand for charging services in the coming months. 

But eight out of ten still say that they think it is somewhat or completely unlikely that they will establish new charging services.

Worried about profitability

“It can be unprofitable for a petrol station to invest in fast chargers,” Åse Bomann-Larsen at the fuel chain Circle K noted.

In 2020, 922 fast chargers were built in Norway, which is an increase of 29% compared with the previous year, figures from the Norwegian Electric Car Association show.

At the end of last year, around 347,000 electric cars and vans were registered in Norway, which means around 106 electric cars per fast charger. 

That is an increase from 2019, when there were 270,000 registered electric cars and 114 electric cars per fast charger.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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