EVCS benefits of electrical charging infrastructures to property owners to attract more EV owners and generate higher revenues:
Introduction:
As electric vehicles (EVs) become more popular, the demand for charging infrastructure is rapidly increasing. Property owners can benefit from installing EV charging stations, both by attracting EV owners to their property and by generating additional revenue. In this blog, we’ll explore the various ways in which electrical charging infrastructures can benefit property owners and help to meet the needs of the growing EV market.
Attracting More Customers:
Installing EV charging stations can help to attract more customers to your property, whether it’s a commercial building, residential rentals, retail shopping center, a hotel, or a restaurant. EV owners are always on the lookout for charging stations, and if your property offers them, it can be a major selling point. In fact, a recent study found that 90% of EV owners prefer to patronize businesses that offer charging stations.
By offering charging stations, you can tap into a growing market of environmentally-conscious consumers that are looking for more sustainable transportation options. Additionally, if your property is located in an area with limited charging options, you can differentiate yourself from the competition by providing a valuable service that’s in high demand by creating public-facing EVCS to provide 24/7 service and revenue generation.
Increased Revenue:
In addition to attracting more customers, installing EV charging stations can also generate additional revenue. Depending on the pricing structure you choose, you can charge EV owners for the electricity they use to charge their vehicles, and if you decide to purchase EVCS with marketing displays can shorten your investment return by almost 50% in wait time. This can provide a steady stream of revenue that can offset the costs of installing and maintaining the charging infrastructure.
In addition to direct revenue from charging fees, offering EV charging can also indirectly increase your revenue. For example, if you’re a hotel owner, EV owners may be more likely to stay at your property if they know they’ll have access to charging stations. Similarly, restaurants and shopping centers can benefit from increased foot traffic and sales from EV owners who stop by to charge their vehicles.
Long-Term Cost Savings:
Another benefit of installing EV charging infrastructure is long-term cost savings. While there are upfront costs associated with installation, maintenance, and electricity usage, there are also cost savings to be gained over time. For example, by installing solar panels, Battery storage systems, and generators you can generate your own electricity and reduce your dependence on the grid. This can help to offset the costs of charging infrastructure and can even provide additional revenue through selling excess electricity back to the grid.
Additionally, by reducing your property’s dependence on fossil fuels, you can also reduce your exposure to volatile energy prices. This can provide long-term cost stability and reduce the risk of price spikes that can impact your bottom line.
Environmental Benefits:
Finally, it’s worth mentioning the environmental benefits of installing EV charging infrastructure. By offering a charging option that’s powered by renewable energy sources, you can help to reduce your property’s carbon footprint and contribute to a more sustainable future. This can be a major selling point for environmentally-conscious customers and can help to build your brand as a responsible corporate citizen, at the same time your property can qualify for LEED Certification and get a higher value of your property and qualifications for rebate programs and federal incentives.
In addition to the direct environmental benefits, there are also indirect benefits to be gained. For example, if your property is located in an area with poor air quality, providing EV charging infrastructure can help to reduce air pollution and improve the health of local residents.
Conclusion:
In conclusion, installing EV charging infrastructure can offer numerous benefits to property owners. By attracting more customers, generating additional revenue, providing long-term cost savings, and contributing to a more sustainable future, EV charging infrastructure can be a valuable addition to any property. As the demand for EV charging continues to grow, property owners who invest in charging infrastructure will be well-positioned to meet the needs of the market and benefit from the growing popularity of electric vehicles. The government just this year 2023 secured a budget of $720 Billion to put the USA on the fast track of electrification and some of that budget can be yours to use. Apply NOW! do not wait on everyone to line up in front of you. Timelines are excessive and long due to many factors, such as utility requirements, government, state, and local application processing time, engineering, materials logistics and availability and etc. Don’t waste your time and be proactive in this electrification of the USA.
