ALTOONA, Pa. -- This year has been a constant drumbeat of news about electric vehicles (EVs), including Tesla’s coming semitrailer and mass-market Model 3 releases, plans by legacy automakers such as General Motors and Ford to move toward electrified fleets, and efforts by several countries to transition away from the internal combustion engine.
For a fuel retailer like Sheetz Inc., Altoona, Pa., whose more than 560 stores are known for selling large volumes of gasoline and diesel, each piece of EV news is like a new piece of a riddle. The questions the chain hopes to answer: Is there an opportunity for retail in EV charging? And how long before the demand for EVs becomes truly significant?
“You don’t know exactly what the future will be, but you have some good ideas what the possibilities are,” Michael Lorenz, executive vice president of petroleum supply for Sheetz, told CSP Fuels. “You’re trying to give yourself as much flexibility and optionality as you can to position yourself to take advantage of what the future ends up being.”
Read on for how Sheetz is attempting to position itself for a possible electrified future ...