Alimentation CoucheTard Circle K and the Long Tail of Electric Vehicle Adoption Daniel Doiron
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The rise of electric vehicles (EVs) and the rise of the electric vehicle charging infrastructure (EVCHI) have brought about significant changes in the auto industry. As of 2021, over 5 million EVs were on the road globally, according to the International Energy Agency, with electric vehicle sales expected to reach 15 million units in 2021. The electric vehicle (EV) market is still in its early stages of development, with limited adoption by consumers, but as automakers build out infrastructure
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Alimentation CoucheTard Circle K is the second largest retailer in Canada with over 26,000 stores and over 88,000 employees. It is an easy-to-understand example of the “long tail” phenomenon that can be used to study the effect of a relatively small-scale innovation on a broader market. Alimentation CoucheTard started a journey with an electric vehicle (EV) charging station at their Circle K grocery store in Quebec in 2016. this article The electric vehicle
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In recent years, Alimentation CoucheTard Inc. (CADA) has undergone significant change. In 2015, it was acquired by Conbricq for CADA stock at 76, with a market cap of US$10.7 billion. In 2018, it entered into a definitive agreement to acquire Canada’s largest supermarket retailer, Circle K Corporation, for $95 per share. The transaction is currently valued at CAD$40 billion,
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I have been covering the restaurant industry for the past six years and have seen plenty of changes. Today I want to focus on two changes – Alimentation CoucheTard’s decision to acquire Circle K and how the long tail of electric vehicle adoption affects the market. Alimentation CoucheTard Circle K Alimentation CoucheTard (NASDAQ:CDAO) has acquired Circle K, the largest convenience store chain in Canada, for approximately $3.4 billion. The transaction will strengthen their presence in the country
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As the automotive industry transitions from gasoline to electric power, we see the formation of the “Long Tail” of electric vehicle adoption. The traditional car company is adapting by offering new hybrid and electric vehicles and offering refunds on gasoline-powered vehicles. The “Long Tail” refers to those customers who are in between the two extremes and don’t want or can’t afford new cars. While some customers are waiting for a long time to be able to afford a full electric vehicle, others have stopped using gasoline cars altogether because
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The world is changing before our eyes. In fact, it’s almost entirely changing. That’s why we can’t just do business as we always have. We must change the way we do business. To stay ahead, we need to innovate. Innovation doesn’t mean creating a new product. It’s not necessarily the best product. The best product is one that we all use. It’s an incremental solution to a problem. And that’s what’s happening in the retail sector. It’s not about the number of