Canadian Tire sees the addition of electric vehicle charge stations to its store locations as a natural progression for its automotive retail business, which remains an integral part of the company.
“Automotive is a heritage business for Canadian Tire and we have always evolved to meet the needs of drivers," said Canadian Tire Retail's vice president for automotive, Andrew Davies. "With our premium real estate assets, we are able to provide convenient locations across the nation to service the growing number of EV vehicles in Canada."
Canadian Tire started its petroleum business in 1958 and started selling gas at its stores shortly after as a way to increase customer traffic. The first Canadian Tire gas bar was opened in 1958 at its Yonge Street location in Toronto.
Similar to the gas pumps in 1958, the new charge stations may help bring additional visitors to Canadian Tire stores, with this expansion set to make the retail company's charging network one of the largest in the country.