The Benefits of EV Charging Stations for Businesses
Companies started feeling the pressure to move towards sustainability as more and more people all around the world undergo the same thought, and this leads to less pollution on our planet. This is where EV adoption and showing the world how EV drivers are more accessible come into the mix. The upside to the trend includes offering EV charging, being eligible for tax rebates, improving branding, and much more.
There are many advantages to offering portable EV charging at your business, at a cost that is less than you can afford. Given that electric vehicles are becoming more common than ever, the tenure of EV charging seems to be a safer investment now more than ever. Read these 6 reasons why installing EV charging stations at your business is prudent.
Augmented Footfall and Customer Retention
Such stations are placed at appropriate locations with amenities, ensuring the convenience of road trips and tempting EV drivers to spend many hours exposed to these stations. It is more likely that the EV drivers spend more time shopping than the drivers of ICE vehicles, which increases customer spending compared to their counterparts.
Tesla, Nissan Leaf, and Chevrolet Bolt car owners are more likely to patronize businesses with electrical car charger options, which serves as a leeway in the homes of those business owners.
1. Fast Charging Capabilities
Most of the fast chargers for just a battery electric vehicle (BEV) can be rapidly charged in 20 to 60 minutes when up to 80% charged, and this kind of fast charge is convenient for those on the road with no time.
The Level 2 Range extending power supply charging system, which taps AC power, needs 4-10 hours to fully charge an exhausted EV battery, unlike the quick 3 EV charging speeds of about 30 minutes. Moreover, plug-in hybrid electric vehicles (PHEVs) battery packs are traditionally smaller in capacity, which results in shorter charging times.
2. Strategic Placement for Maximum Impact
Data indicates that HB chargers, because of their fast charging speed, are the right power stations that should serve as drivers that need immediate charging. Meanwhile, level 2 chargers are designed for convenience and should be distributed near retail locations and entertainment venues where EV drivers often visit. Proper layout will help EV drivers with site availability and give businesses more chances of getting additional revenue.
3. Ideal Locations for EV Charging Stations
The installation of EV stations for fleet cars in commercial locations provides a situation that could benefit both the e-car drivers and the business entities. These charging stations assist companies in getting ahead of their competitors and attracting new clients.
The ideal positioning would be at the exit of the shopping center or busy area for restaurants, movie theaters, multifamily housing complexes, hotels, office buildings, medical facilities, gas stations, paid parking lots, and car dealerships.
Enhanced Profits Through Commercial EV Charging Facilities
The EV charger installation generates extra sources of income. One of the ways to benefit from this opportunity is by invoicing customers to use the charging equipment.
1. Per Kilowatt-Hour Billing
Charge customers based on how much electricity they use while charging their electric vehicles. This method guarantees fair pricing equal to consumption.
2. Time-Based Billing
Alternatively, you can pay customers for the hours connected to the charging station. This approach allows you to cash in on your charging locations’ convenience.
3. Subscription Services
Give EV charger subscriptions to customers who use your facilities regularly. Subscribers can enjoy discounted rates or services that are only available to subscribers. This will help build customer loyalty and establish recurring revenue.
Placing EV chargers can dramatically increase your revenue regardless of the billing model you select. Some business owners offer electric charging for free as a benefit to their customers and staff. This draws more traffic to the establishment and promotes a good public image.
To simplify billing processes, a lot of businesses cooperate with vehicle charging networks. These networks provide the ability to charge customers, making the transaction process easier. Users can also monitor their vehicle charge levels and locate nearby chargers through the networks’ mobile apps.
Different EV charging networks may use other platforms and support various types of charging ports, as the case may be. An example is the North American Charging Standard (NACS) ports, compatible with Tesla vehicles or adapters for other electric cars.
On the other hand, several charging networks use combined charging system (CCS) connectors to work with all kinds of electric vehicles. Even though some networks have CFs in North America, most are in California because of the high adoption rate of EVs in that region.
Sustainability Efforts and Corporate Social Accountability
Including EV charging stations in your business will send a powerful message to the public about your concern for protecting the environment and corporate social responsibility (CSR). This action lowers your ecological footprint and aligns with long-term sustainability goals. Since most companies around the globe are set to achieve net-zero carbon emission targets, EV charging infrastructure becomes an important measure in achieving the goals.
The installation of EV charging stations by you signals the international transition to alternative modes of transportation with the consequent reduction of greenhouse gasses. Adopting electric vehicles through you helps to fight against climate change and provides a basis for an ecological future.
In addition, running an EV charging service enables your workers and clients who are environmentally conscious to adopt clean mobility choices easily. This easiness is not only a matter of convenience but also evidence of your efforts to reduce your carbon footprint.
In addition, having EV chargers adds to your public image, making your brand seen as a champion of eco-friendly actions and good environmental practices. By promoting the use of electric cars and decreasing reliance on petroleum-based fuels, you show your environmental leadership.
Fostering Employee and Community Relations via In-House EV Charging Facilities
Onsite EV Charging Station fosters employee and community engagement. Employees will see that the company cares about the environment when the company offers EV charging as one of the perks. It also provides a tangible benefit to employees.
This act is viable, especially for employees who don’t have at-home EV chargers and limited access to slower charging options. The more convenient it becomes for employees to top up their batteries at work, the higher their job performance.
Furthermore, investing in EV charging for your employees demonstrates your dedication to mitigating carbon emissions and is thus in line with your employees’ environmental views. This in turn instills a sense of duty and pride among your employees which further strengthens their identification with the mission and goals of the company. Staff feel a sense of pride in themselves because they know they are participating in a cleaner future through their workplace.
The EV charging stations, which are in the public domain, form an important service to the community. You can foster local adoption of electric vehicles as a way of actively supporting sustainable transportation initiatives. It shows that your organization makes a local sustainability goal a priority that is in tune with the overall environmental goals.
Moreover, EV charging that is available will attract more visitors to your business increasing foot traffic and thus sales. With electric vehicles becoming more mainstream, fitting charging facilities in your establishment puts you at the forefront of the industry. Clients looking for convenience and environmental consciousness tend to become your loyal customers.
State Aid and Backing for Business EV Charging Infrastructures
A variety of government incentives and support for commercial EV charging stations are everywhere, the overall aim of which is to spur electric vehicle (EV) adoption and lower national carbon emissions. You gain a variety of programs that have been developed to enhance the use of clean energy.
The federal government avails grants through the formula and discretionary grant funds, loans, and tax incentives to eligible businesses. The sole purpose of these programs is to minimize the cost of EV charger installation.
States employ rebates and incentives from the NEVI Program to lure DC fast chargers and Level 2 infrastructures. By drawing on such sources, the cost of EV charging infrastructure can be reduced greatly.
Utility companies are key players by providing rebates and discounts to both homeowners and businesses who install EV charging stations. Such initiatives support the growth of EV adoption and the use of clean energy.
Be a frontrunner in the industry
As a company, being a leader in the electric vehicle (EV) industry would be rather essential. The world is looking to companies like yours to be the frontrunners of emerging technologies and ecologically sound practices. Although the main corporations have already embarked on carbon emission reduction activities, there are lots of chances for the upcoming ones to flourish.
Taking action today allows you to claim a place in the market before EV charging stations are built everywhere, thereby preventing the emergence of fierce competition. Stagnation sets you behind the tide of innovation.
Don’t lose the opportunity to redefine the mobility of the people. By investing in EV infrastructure now, not only do you show environmental responsiveness but you guarantee the leadership of your business in sustainable transport transition.
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