the businesses will save that amount each year if they install the chargers., it distorts the payback period’s result. Using this logic, even if a gas station generates zero convenience-store sales and recharging fees, it can still recover its initial $136,000 cost in less than 14 years .Article content
I am not trying to defend the gas station or parking lot owners. I’m sure they are capable of doing so on their own. But I do highlight this policy as being poorly planned, having significant costs but with no quantifiable targets and benefits, except for the fees collected by the city. The businesses will likely pass on the $10,000 annual fee to consumers through higher prices.
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