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7-Eleven to Install 500 EV Chargers by Next Year’s End

The shift towards electrification and clean energy is not limited to only automakers and electric vehicle (“EV”) makers. 7-Eleven Inc., an Irving, Texas-based convenience retailer with hundreds of stores across the United States and Canada has unveiled plans that will push the chain to the forefront of sustainability. In a move that will accelerate its environmental conservation goals by years, the convenience giant has announced that it plans to construct a minimum of 500 EV charging stations at 250 stores in the United States and Canada by the end of 2022.

The 500 DC Fast Charging (“DCFC”) ports are expected to be a major addition to the 22 already existing charging stations installed at 14 7-Eleven stores in 14 countries. Once the installation of these DCFC ports is complete, the Texas-based compay claims that it will be among the most widespread and compatible EV fast-charging networks in America, rivaling any such systems that have been installed by most retailers in the country. Aside from high upfront costs, range anxiety is one of the main deterrents against going green…

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NOTE TO INVESTORS: The latest news and updates relating to Net Element (NASDAQ: NETE) are available in the company’s newsroom at http://ibn.fm/NETE

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