Why Businesses Should Invest in EV Charging Stations Now
As our recent guide to EV and EV Charger incentives shows, most European countries are now pushing forward with electrification to cut carbon emissions significantly by 2030. The UK announced a new £400 million fund for EV chargers just last month, Italy has introduced a comprehensive EV incentives program for the first time this year, and Germany has just ratified its updated 2030 Climate Plan, continuing current incentives well into 2025. Other countries are on the same pathway. This means that EVs.and their chargers-are coming and they’re here to stay.
So, get ready to say goodbye to petrol pumps and hello to sparkly new EV charging points at your local service station, as many Norwegians and Americans are already doing. Businesses that want to not just survive, but thrive, in this increasingly electric environment will have to keep up. With EV charger incentives now becoming the norm across much of Europe, businesses of all kinds must take advantage of the opportunity to develop their own charging infrastructure for employees and/or customers. Not only do government incentives normally have time limits but without such infrastructure, your business may increasingly struggle to compete with those who have already gone electric. Continue reading to discover other potential benefits of charging stations for your business:
Main Benefits of Charging Stations
Keep Your Customers and Employees Coming Back for
Get The Green Light
Today’s consumers are more concerned with the ethical reputation of the companies they buy from than those of the past. A report by Forbes in 2017 found that a whopping 87% of consumers tend to have a more positive image of a company that supports social or environmental issues. 88% are also more likely to remain loyal to such a company than a less eco-conscious competitor. In other words, most people today are concerned about social and environmental issues and increasingly opt to buy from and work with companies that fit with their personal ethical values. This is especially the case for millennials and “generation Xers” and those who already own or who may in the future own an electric vehicle – usually a more environmentally-minded demographic.
Whether you’re a supermarket offering charging facilities to your customers or a logistics company with an electric fleet and its own charging infrastructure, installing EV chargers on your premises shows your company is choosing to go green. EV charging can be part of a larger sustainability goal. This in turn allows certain businesses to gain industry-recognized sustainability qualifications, such as LEED certification. For real-estate companies aiming to gain country or continent-specific environmental accreditation, for example, installing EV chargers for their tenants may really help them to tick important boxes for such certification.
This will not only boost your brand image and reputation, increasing customer loyalty, and bringing in new customers, especially as more and more people become EV owners. It will also help to attract and retain employees who, like consumers, are increasingly concerned with environmental and social issues. Installing EV chargers may also actively encourage environmentally-friendly behaviors among employees, clients, or tenants who haven’t yet ‘gone green. Indeed, according to a survey conducted by the US Department of Energy, workers are 20 times more likely to buy an electric vehicle if their employers offer free charging at work. Besides all the business benefits then, going electric will also give you the sheer satisfaction of doing something good for the environment!
Make Your Business The Convenient Choice
Going greener by installing EV chargers will not only boost customer loyalty due to reputation. As more people own EVs, and the drive towards an electric future in 2030 really kicks in, EV chargers will become essential facilities. If freely accessible Wi-Fi is now present in most public places in Europe, EV charging will also become near-ubiquitous in the coming years. Customers will expect their favorite shops, restaurants, and hotels to provide them – and if they don’t, they will switch providers. After all, why would you go grocery shopping and not charge your EV for free if you could?
When it comes to more remote businesses like service stations and hotels that require longer travel time, EV chargers will be even more essential. For customers who may have had to drive long distances, charging will be more than just convenient: they’ll need it to continue their journey. This is also true of commercial or residential real estate. Companies renting office space will increasingly expect these businesses to offer EV chargers for their employees. Meanwhile, tenants who are EV owners will, understandably, expect to be able to charge their car at their home too.
Future employees or service partners that use EVs will also increasingly begin to consider charging stations as granted, inevitably picking the employers or partners that offer them over those who don’t. A good pension package and Friday night drinks with work friends are only some of the requirements that today’s employees expect; onsite charging will become the norm as more people commute to work using EVs or electric scooters. Indeed, research shows that employees increasingly appreciate charging stations at their workplace. In the US alone, 74% of Plug-in Electric Vehicle (PEV) owners express a strong interest in workplace charging. The benefits of EV charging stations for your business are therefore not just limited to the customer side. They’ll also help your company internally by driving recruitment and higher employee retainment rates.
Put Your Business on the Map (Literally) and Boost Customer Traffic
Installing EV chargers will grow your brand’s visibility and draw in new clients. New applications such as Zapmap and Open Charge Map enable EV drivers to plan routes, locate sites with electric charging points, add their own charging locations, and create discussions. Users can add information about the site and give reviews based on their experience. This kind of application opens up a business’ potential customer base; many visitors may be local, others may be passersby, but both will help to build brand visibility by word-of-mouth. If you manage to get a good review – aided perhaps by special deals in store for EV owners who charge at your site – you will be able to consolidate brand loyalty and encourage first-time chargers to return in the future.
You might be thinking: ‘but how do EVs relate to my business? I don’t know if any of my customers even own EVs!’ Whether you’re a local café or a nationwide hotel chain, it’s still worth trying to encourage EV owners to form part of your customer base. Research shows that EV owners tend to be higher-earning than the average population. They’re predominantly men with higher levels of education, in full-time employment, and around the ages of 30–45. Looking towards the future, such research also shows that electric vehicles may soon become popular among higher-income females and retirees/pensioners. Providing charging facilities may, therefore, give you a competitive advantage in terms of opening up new audiences or growing existing ones over the years.
Currently, EV owners also appear to have high levels of disposable income, making them potentially bigger-spenders when they visit your business. As EVs become more affordable across the board, with advanced battery technology becoming cheaper and government incentives and regulations ramping up, they are likely to become the norm for everyone, regardless of socio-economic background. Investing in infrastructure that accommodates EVs, then, will likely make your business more market-resilient and give it broader appeal in the future.
Make Savings and Boost Your Energy Resilience
Going electric means serious savings for your business. Company fleets that are partially or fully electrified will enable you to access government subsidy funds and leverage tax benefits such as avoiding company car tax. Not only that, but they’ll also allow you to make ongoing savings, such as eliminating tolls on motorways. When local incentives, like subsidies for charging infrastructure via schemes like the UK’s Workplace Charging Scheme, are combined with the comparatively low cost of electricity versus petrol, taking the EV route is a no-brainer for your budget. If installing a charger is virtually free, depending on where your business is based, and charging and maintaining EVs is always cheaper than petrol options, why on earth would any business not electrify their fleet?
Reducing your carbon footprint also has the advantage of lowering your carbon emissions tax. The EU ETS, regulating the carbon emissions tax across the continent, applies to a variety of businesses, from power generators to large industrial premises and manufacturers, including food processing plants, to certain public sector facilities, to hospitals. If your business is taxed under these regulations, reducing your carbon footprint should be high on your priorities if you want to keep your revenues high.
Another often overlooked saving point is the energy resilience that having an electric fleet can offer in emergency scenarios. Investing in chargers that are bi-directional, in other words, that are ‘two-way’ and can convert and direct energy both into the car and out of it back to its source, means that EVs plugged into your charging infrastructure can act as source of energy (via their battery storage) during power-outs or shortages. Renewable energies are not necessarily, as is often believed, more unreliable than fossil fuels – in fact, in some cases, they have been shown to actually strengthen grid resilience. Even so, you can never rule out possible shortages. Indeed, the number one threat to grid resilience when it comes to renewables is probably erratic weather patterns and natural hazards, as renewable sources of energy are often physically climate-vulnerable. With climate change making global weather patterns more erratic, natural weather hazards may occur more often, potentially becoming a bigger issue in terms of grid resilience. EVs may, therefore, provide an important emergency energy source in times of need, saving your business thousands of euros in potential lost business that could occur due to energy failures.
Increase Your Revenues
Additionally, EV chargers will allow you to increase revenue. Firstly, customers with EVs are more likely to stay at your site for more time to charge, thus encouraging them to purchase more products or services. Depending on the charger type – fast, Rapid, or slow – EVs take an average time of 30 minutes to 12 hours to charge. By opting for a fast-charging system with an average charging time of, say, an hour, you can offer customers a quick-enough charging service while also encouraging them to stay a little longer and purchase that item they’ve been eyeing up for weeks.
Secondly, EV charging points can be source of extra revenue in themselves. Depending on the business model you go for, you may want to generate additional income by selling electricity to EV owners. This may be a blanket (everyone pays) or stratified (only the public rather than customers pay) strategy. But either way, it will bring in new funds, even if only used as a way to attract customers via free charging to boost sales of your actual products and services. Businesses with chargers can also generate revenue via targeted advertising; EV owners who agree to receive emails, for instance, can be sent new information about promotions and opportunities to encourage them to come back in the future. Advertising space can also be sold to external organizations for a fee.
Gain Data Insightsomer Traffic
Installing your own charging stations on-site will give you access to a high volume of useful data, for example, C02 savings, kWh-usage, energy costs, and charging point activity. Such data can be used to inform internal reports, tax declarations, and logistics and marketing plans to boost accuracy and make implementation processes more effective. Having your own chargers also means that such data does not need to be bought from a third party or filtered by one, meaning that your employees, business owners, and fleet managers can have direct access to data insights. They can, therefore, use it in the most agile and flexible ways to gain insights into various aspects of your business.
Conclusion: Future-Proof Now Before It’s Too Late
As demonstrated by our EV incentives guide in Europe, most European countries are aiming for near-total electrification by 2030. The fossil fuel to electric vehicle transition is already happening. However, when combined with increasing incentives and the breakthrough in battery technology development that’s just around the corner, this shift is set to be in full swing by 2025-30. Indeed, given that there were around 3 million EVs in the world in 2018, it’s estimated that that number will rise to 125 million by 2030. EVs are where it’s at: if your business wants to capitalize on the many benefits noted in this article and stay competitive, you should enter the arena and get investing in EV charging infrastructure sooner, rather than later.
To find out what kind of charger would work best for your business, visit our website here.
Should Your Small Business Install EV Charging Stations?
The growing popularity of electric vehicles means that drivers need more places to charge them. This presents an enticing opportunity for businesses of all sizes while government agencies work to expand the nation’s charging infrastructure. Could installing EV charging stations in your parking lot benefit your small business?
Installing car chargers can attract new customers, improve your business’ reputation, and bring in additional income. Here’s a closer look at the benefits and related costs and how they may influence your decision.
Potential Business Benefits of EV Charging Stations
Electric car drivers represent a ready and attractive market for the right business. Studies suggest that 85% of EV owners have annual incomes of 100,000 or more, which suggests they may have more disposable income than your average customer. Installing EV chargers can entice them to stop by your business.
Since charging takes a while, these customers may spend more time in your store. National retailer RetailCo experienced this firsthand, seeing the time customers spent at its stores increase by 50 minutes on average after installing EV chargers. For transaction-based businesses, this increases the chances that customers will make a purchase; for service-based businesses, it offers more face-to-face time with customers to create ongoing business opportunities.
Customers who see EV chargers in your lot may get a positive impression of your business. Even if they don’t drive an EV, the presence of charging stations communicates that you care about the environment, and 85% of consumers have shifted buying preferences to be more sustainable. The same study found that more than one-third are willing to spend more for sustainability, which could lead to higher sales or customers preferring your services over less eco-conscious competitors.
These chargers could also help you attract top talent, as 74% of EV owners express a strong interest in workplace charging. And as your business joins others making the transition to electric service vehicles, you could also use these chargers for your company vehicles.
Costs of Installing EV Charging Stations
Of course, EV charging stations also have their fair share of expenses. Small-business owners need to consider these to determine if it’s a reasonable investment.
Charger costs vary by type and manufacturer, but you can generally expect to pay around 6,000 per charging port. Repainting parking spots, adding signage with custom branding, and purchasing related software will also raise upfront expenses. Adding just a few chargers will be a significant investment.
You can also expect higher energy bills after installing new charging stations. After RetailCo installed EV charging stations, the company’s electrical bills increased by roughly 50 per month. Charging an EV costs between 30 and 60 per vehicle per month in energy bills, depending on local power costs and how frequently people use the chargers.
How to Reduce the Cost of a Charging Station
While the expense of installing charging stations and higher electric bills may be beyond the budget of some small businesses, there are ways to reduce the costs. Unfortunately, the federal tax credit for EV charging stations expired in 2021 but several states still offer incentives to businesses. New York, for example, offers an income tax credit of up to 5,000 for installing public EV chargers. Additionally, some public utilities offer incentives to help cover the costs of installing the chargers. For example, Southern California Edison’s Charge Ready program offers businesses rebates for purchasing and installing EV charging stations.
While offering customers free EV charging is desirable, it is unlikely to be feasible for many small businesses. One way to help cover the higher energy bills is to require customers to pay for using the charger. Another option is to use solar panels to generate electricity for the charging stations. While solar panels will pay for themselves over time, they also have high upfront costs. Solar financing strategies can help reduce those costs but installing solar panels is not a viable solution for every small business.
Before You Install Your Charging Stations
Be sure to review charging availability in your area to see if you could gain a reasonable amount of business. Some states have tens of thousands of chargers, while some have mere dozens. If your business will be one of the only places in the area offering charging, you could see more visitors because of it.
If possible, partner with an EV charging company with a wide customer network so they can direct their users to your store, bringing in new business faster. Remember to promote the charging stations and post clear signage to communicate the new service to customers, too.
EV Charging Stations Can Be a Promising Business Opportunity
Installing EV charging stations is expensive but the right business could experience benefits like increased customer dwell time, new customers, and an eco-conscious company image, all potentially generating higher revenues. Costs and benefits can vary, as some markets will respond more positively to sustainable choices and the available incentives differ between states. Small-business owners should review local and incentives, EV ownership rates, and existing charging infrastructure to determine if it’s a worthwhile investment.
As with any investment, it’s best to start small and grow from there. Begin by installing two to four chargers, then add more if you see enough demand. Compare EV charger companies and ask for estimates before choosing one. Consider potential partners’ customer service and additional features in these decisions.
Also, compare pricing models. Free stations appeal more to customers, but fee-based charging will help offset some of the costs of installation and electricity. Consequently, businesses with higher budgets may favor the free model, while smaller companies may need to start with a fee-based model and consider going free later if the increased business covers the charging expenses.
Installing EV charging stations may be a worthwhile investment for businesses with large enough budgets in areas with quickly growing EV ownership rates. Small businesses in locations that don’t have a lot of EVs may want to wait before investing in charging stations. You can find EV charging stations near you with this interactive map from EVhype.
Feature image: Evgenia Parajanian – stock.adobe.com
About the Author
Oscar Collins is the founder and editor-in-chief at Modded. Follow him on @TModded for frequent updates on his work.
Top EV Charging Station Companies in 2023
The importance of EV charging companies will only continue to grow, as there are over 2.3 million charging stations in the world, and the number of them will increase from year to year.
According to Fortune Business Insights, the worldwide market for electric vehicle charging stations is predicted to experience a compound annual growth rate (CAGR) of 30.26%, increasing from 17.59B USD in 2021 to 111.90B USD in 2028.
In the following, we review some of the top electric car charging station companies that make electric stations out there.
How we did it?
In recent years, many innovations in electric vehicle charging technology have been reported.
The advancement of technology has resulted in incredibly smooth charging options and enabled faster charging. Some EV charging companies started to provide advanced features like ”Smart EV charging”.
The methodology in this research started by identifying the best EV charging station companies out there. Then we provided a brief overview of the top EV charging station companies (in our opinion) and some of their competitive advantages.
We decided to FOCUS mainly on public charging points for electric vehicles, although we have included some designed for private households too.
We genuinely believe this list will provide you with helpful information.
Top EV Charging Station Companies in 2023
With EV growth, the demand for charging stations is rising, leading to intense competition among charging station providers.
You’ll see many oil and gas companies respond to this. Oil and gas corporations appear to follow suit and incorporate electric charging stations into their standard fuel station infrastructure.
The electric vehicle industry has witnessed a charging station war. In fact, various companies strive to establish themselves as leaders in the EV charging infrastructure.
So, if you’re considering how many EV charging station companies are out there, we got your back.
Here we also list those EV charging station companies that shine, but we didn’t describe them in detail.
They are definitely excellent and they are undoubtedly among the top of the top EV charging station companies.
Now, let’s look kings in EV charging market and evaluate their success to understand what makes them stand out.
ChargePoint: Best EV Charging Station Company
ChargePoint is a leading provider of electric vehicle charging services worldwide, with a very strong presence in the market for years.
The company’s number of charging stations is continuously growing and currently stands at over 66,000 public and semi-public electric vehicle charging stations.
Smart EV Charging: Unlocking Its Full Potential
ChargePoint stands out in the market with its quality services, hardware, and support that are highly certified, providing the best charging solutions with the industry’s best technologies.
ChargePoint claims to manage the world’s largest network of electric vehicle charging points.
In 2017, the company acquired General Electric’s 10,000 charging stations, which were added to its existing 35,000.
ChargePoint has around 60,000 charging stations in total, spread across public and private stations in worldwide.
Established 12 years ago, the company raised 240 million last year for expansion plans.
Currently their reports show annual revenues of approximately 42 million.
Blink Charging: EV Power Station Company
Blink Charging is a rapidly growing. This EV power station company has been predicted to become one of the largest electric car charging networks worldwide.
Despite analysts once predicting that Blink would be the market leader, that title has now probably gone to ChargePoint.
Nonetheless, Blink Charging is a sizable company with almost 70 million in market capitalization. It has installed around 15,000 charging stations across the US and has approximately 150,000 registered members.
They also offer solar-powered solutions that allow you to charge electric vehicles and power your EV chargers through solar power.
Blink Charging aims to provide the best charging solutions to their customers.
ABB: EV Charging Station Manufacturer
ABB is a leading industrial robot manufacturer and a major player in the power generation equipment industry.
The company has been active so much in the robotics sector – hardware. It has now introduced a range of charging solutions for fast-charging buses and cars, positioning itself as a key supplier of “downstream” power equipment.
Despite not currently being among the EV charging station market leaders, ABB’s recent partnership with Porsche to develop EV chargers is expected to boost its profile in this sector.
While ABB’s FOCUS on power generation equipment may be its primary business, its foray into the EV charging market shows its commitment to innovation and expanding offerings.
Shell: Electric Car Charging Company
Shell is one of the principal oil companies in the world. The company is expanding its electric vehicle (EV) charging market presence.
Shell is also exploring innovative charging solutions by investing in Ample, which utilizes autonomous robotics technology.
For example, Shell Recharge, Shell’s EV charging station network, has over 300,000 charging points across Europe.
Shell promises quality service. The charging network offers 50kWh for their regular DC chargers and 150kWh to 175kWh for their ultra-Rapid DC chargers, with 65 Rapid chargers and 54 ultra-Rapid chargers available for use at any Recharge station.
With its commitment to renewable energy and investment in charging technology, Shell appears to be a key player in the future of the EV charging market.
Efacec: European EV Charger Company
Have you ever heard of Efacec? This is Portuguese energy, engineering, and mobility company worth knowing about.
Efacec is the largest enterprise in Portugal, boasting around €500 million in annual revenues.
What makes Efacec stand out?
Well, they’re a big player in the electric vehicle charging space — their charging stations range from quick to ultra-fast charging, and they’re available for both private and public use (although the company tends to emphasize the latter).
It would be best if you kept an eye on this innovative company.
Tesla: Biggest EV Charging Company
Tesla is one of the most famous companies worldwide and a leader in efficient energy generation, storage systems, and electric car manufacturing.
This electric car manufacturer is one of the biggest electric vehicle companies in the world, promoting sustainable energy and offering first-class charging services.
Tesla Supercharger allows fast charging with a charging speed of up to 250W and is located on public motorways. Tesla also provides home electric vehicle chargers suitable for residential spaces.
For now, Tesla’s charging network is only currently available for Tesla models.
Siemens: Trustworthy EV Charging Station Company
Siemens is an EV charging station company with tradition.
What’s really cool about this company is that Siemens has provided free top-ups to employees’ electric vehicles through its charging stations.
In addition, the company has showcased various charging solutions for both home and public use, including standard and fast charging.
Furthermore, as an investor in ChargePoint, Siemens has installed hundreds of charging points throughout Europe.
Remarkably, the company is prioritizing fast charging solutions and providing extensive technical support to its customers.
For sure one of the leading players in the e-mobility market.
Star Charge: Asian Superstar in EV Charging
Star Charge is a company based in Changzhou, positioning itself as the leader in China.
In terms of their charging solutions, they offer a range of options, from large parking lot-like charging canters to smaller individual charging stations in residential complexes.
over, they currently operate 139,000 charging stations, which puts them in second place with a market share of about 10%. Additionally, they have garnered a significant customer base.
They boasting over one million active private users and 100 corporate clients, including renowned international brands such as Jaguar and Hyundai Motor.
It’s worth noting that Star Charge has been profitable for three consecutive years. over, they have a proprietary 500kw charging station capable of charging an electric car in just 10 minutes.
Schneider Electric: Best EV Home Chargers
Schneider Electric is an EV charging station company becoming even more involved in the electric vehicle industry. They are well-known for producing electrical equipment such as fuses, circuit breakers, and sensors.
However, they have expanded their offerings to include electric vehicle charging solutions as well.
Schneider Electric provides various energy solutions for electric vehicle drivers. For example, charging equipment for public use in parks and streets, fast charging solutions, wall models for home charging, and energy management systems for optimized EV charging.
They aim to provide more affordable options for both AC and DC charging, with their DC units currently capable of charging speeds of up to 24 kW.
While Schneider Electric may not be a household name, they are recognized within its industry for its data center solutions, including uninterruptible power supply units that keep servers running if the power grid goes down.
They have a range of electric vehicle charging solutions designed for both home and public use.
With its expanding presence in the EV charging market, which is fast growing, Schneider Electric is expected to become a significant player in the future.
Hyundai: EV Charging Stations
Hyundai and Kia have joined forces in the automotive industry to create charging solutions for electric vehicles.
In particular, Hyundai provides fast charging services through IONITY, with speeds reaching up to 350kW. Notably, these charging stations can be easily located using the Charge MyHyundai app.
In addition to their fast-charging services, Hyundai and Kia are also collaborating to develop a wireless electric vehicle charging system, as part of their integrated autonomous car offering. As a demonstration of their progress, they have already showcased an autonomous electric car parking over an EV charging point.
over, Hyundai has introduced solar-powered electric vehicles to the market, integrating a solar panel into the vehicle’s roof. This innovation is in addition to their existing solar charging system for cars.
For businesses considering investing in EV charging stations, choosing the proper hardware manufacturer is crucial to ensuring a successful and profitable investment.
Choosing the best option between all of these EV charging station companies can depend on the type and quality of EV charger you are looking for, the type and amount of EVs you want to charge, the additional services and software you might require, and the available budget for this.
The fact is that in this article we have described only the ‘strongest’ ones on the market. But also, worth mentioning are:
So, we are curious to witness which form of “new energy,” whether an electric or any other, will emerge as the primary alternative to gasoline in the coming years.
We will make sure to cover the developments as extensively as possible!
And we really hope we have helped you carefully evaluate the options and select a reputable, experienced EV charging station company mentioned in this blog.
We are sure, we will undoubtedly witness a rise in EV infrastructure in the future. We can confidently say that the future of EV charging and its challenges are looking bright!
Ready to get started?
Learn how your business can thrive with Tridens EV Charge.
Your Guide To Commercial Electric Vehicle Charging Stations: Installation, Costs And
Like mushrooms, commercial electric vehicle charging stations are popping up in parking lots everywhere: AMC theaters, Macy’s, Costco, Target, gas stations, grocery stores and more.
In fact, as Teslas and similar electric cars hit the road, the number of public and private U.S. charging stations has doubled between December of 2015 and 2019. It reached 90,000 nationwide in 2020 – not even including home chargers!
This surge of interest is necessary as many car manufacturers are committing massive resources to develop their electric vehicle offering. it’s also great news for both commercial properties and solar installers. Businesses can benefit from many incentives and rebates for EV and plug-in charging stations. And as Greenlancer President Patrick McCabe has noted. many commercial EV charging stations rely on solar energy for clean electricity – so solar installers are perfectly positioned to install them alongside their PV systems.
But make no mistake – installing EV charging stations is still different from installing solar. Like any venture, the first step towards success here requires both client and installer to gain a working knowledge of its options, costs, incentives and challenges.
That’s why we created this guide to the fundamentals of installing electric car charging stations.
Who can install commercial EV charging stations?
As electric vehicles approach 3% penetration of the car market, installing commercial EV charging stations attracts many businesses who want to increase their property value, employee satisfaction and customer count.
Ideal commercial prospects include:
Since people park at work more often than anywhere else except home, offering a charging station helps attract EV drivers as employees. In fact, according to the U.S. Department of Energy’s recent survey, 80% of employers with an EV charging station say that it has helped them attract and retain more talent. So commercial EV stations improve both companies’ sustainability and their business targets.
Business Districts And Shopping Centers
When Americans aren’t at home or at work, they’re often out shopping and eating. This includes EV owners, who naturally want to park where their cars can charge while they’re enjoying themselves.
Public parking lots, business districts, shopping centers, restaurants, and malls can install commercial EV charging stations to attract such shoppers. Customers may even linger longer (and buy more) as they wait for their EV to charge up!
Public buildings, hospitals and universities are often working towards sustainability goals and can receive LEED credits for installing an EV charging station. These prospects often have a large employee workforce and, as said above, can attract more talent with this environmentally friendly option.
Multifamily Living Spaces
Not all EV owners live in their own house – or want to. But a place without an EV station doesn’t meet their charging needs, driving them away from otherwise perfect living options.
Apartment buildings, condominiums, and other multifamily buildings can fix this drawback by installing EV charging stations. This not only increases their property value, but also draws in prospective residents with electric vehicles.
In many areas, new state and city regulations are accelerating charging station adoption. For example, the cities of Miami, Seattle and Chicago now mandate commercial properties above a certain size to offer EV charging. Installers operating in such areas can expect their lead lists to increase even more rapidly.
What Kind Of EV Charging Station Do My Clients Need?
EV charger options vary by charging speed.