Categories Billion Dollar Club

How Electric Vehicles are Triggering Garage and Gas Station Closures

For more than a century, owning a gasoline-powered car meant easy access to everything you needed. Gas stations were on every corner, oil changes were quick and cheap, and repairs were simple to find. But that reality is changing fast. As more people switch to electric vehicles (EVs), life for owners of traditional cars is becoming less convenient and much more expensive.

This shift isn’t random; it follows a pattern seen in many past technologies. When smartphones, streaming services, and digital cameras became mainstream, older industries like DVDs and film photography collapsed almost overnight. Electric vehicles are now reaching that same tipping point. Once EV ownership moves from niche buyers to the mainstream, it triggers a chain reaction that reshapes the entire car industry.

Government rules are speeding this up. Across Europe, stricter regulations require carmakers to slash carbon emissions, forcing them to focus on EV production. Cities such as Paris and Amsterdam are also creating low-emission zones, which make driving a gas car in certain areas difficult or even impossible. These changes push more people toward electric cars, whether they plan to switch or not.

At the same time, EV infrastructure is growing quickly. Public charging stations are popping up everywhere, and new houses in some countries are now built with EV chargers included. This makes owning an electric car more convenient, while the old gas and oil network slowly fades away.

The impact on traditional services is already clear. Gas stations are starting to close or convert into EV charging hubs because fuel sales are dropping. Muffler and exhaust shops are struggling since electric cars don’t even have those parts. Oil change businesses are losing customers fast, and brake repair shops are seeing less work because EVs use regenerative braking, which wears out pads far more slowly.

For drivers who still own gasoline cars, this means fewer options and higher prices. Finding a place to get a simple oil change might take longer, and the cost will likely be higher as these shops try to stay afloat. Insurance rates for gas cars are also creeping up while their resale value drops, leaving owners with cars that are worth less and harder to maintain.

What’s happening with electric cars is more than just a trend, it’s a major shift. The move to EVs is changing the roads, the businesses around them, and even the daily experience of owning a car. The age of the gas station and the oil change shop is ending, and a new era of electric mobility is taking its place and companies like Rivian Automotive Inc. (NASDAQ: RIVN) are working to accelerate the change.

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Lacey@GCS

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Lacey@GCS

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