Tony Portera

Jul 8, 2024 | bcg.com | Stuart Groves |Tony Portera

Of all the forces reshaping the global fuel and convenience retail industry, none is having a larger impact than the rise of electric vehicles (EVs). The So WhatAs EV penetration rises between now and 2035, profit pools will shift, service stations will close, and site formats will evolve. Reality differs by market. We see three primary market scenarios that are likely to play out globally by 2035. We have modeled each to understand how these markets will evolve.