SourceLine News & Insights

The United Kingdom recently announced that it would begin testing technology that delivers power to electric and hybrid vehicles without requiring drivers to stop and plug in their automobiles at charging stations. If the technology takes off, it could have a significant impact on C-store profits that are driven by the consumers’ need to stop for fuel.

The new fueling concept powers EVs through wireless magnetic induction technology that would be installed along the country’s roadways. If the charging system performs as hoped, it will enable drivers of electric vehicles to travel long distances without stopping.

The technology will first be tested off-road, followed by on-road testing.

In addition to energizing the growing EV market in the UK, the technology has the potential to create new EV commercial shipping opportunities there. Both convenient and carbon-footprint conscious, the technology could be a game-changer for the transportation and fueling industries.

Read more about the technology in this PetrolPlaza article.