Benefits to Installing Electric Vehicle Charging Stations

According to a new analysis by the Rocky Mountain Institute, Electric Vehicle (EV) sales are increasing faster than currently predicted, and it seems that EVs could command two-thirds of global car sales by 2030. This increase creates an even greater need for charging station infrastructure, and many business owners recognize that the benefits to installing chargers outweigh the costs, especially with the current financial incentives from federal and some state governments. There has never been a better time to start planning for EV charging infrastructure, and in this article, we will dive into the benefits of saying “yes” to future-proofing your sites infrastructure.

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What Do EV Drivers Want?

Overall, EV drivers seek a combination of convenience, range, affordability, and sustainability in their electric vehicles. Of those specific preferences and expectations, one of their main desires is a reliable charging network that is easy to access.

What Do Property Owners Need?

Factors to consider when installing EV charging stations include the quantity and speed of the dispensers, traffic flow, and the availability of local utility electricity.? EV dispenser network software usually grants property owners the ability to track and control usage, pricing, monitoring, and reporting.

• Control User Access

Easily establish full custom and complete desired end-user access policies for public, private, or multi-group access.

• Pricing Plans

Easily implement desired pricing policy: End-user based, Duration-based (hourly), Time-of-Use, and kWh.

• Load Management

Peak and Off-peak sharing management and control features include real-time availability, charging status, and alerts / notifications / waitlist features.

• Metering & Reporting

State and federal accurate measurement and reporting of electricity usage patterns, vehicle telematics, and regulatory mandates.

• Monitoring & Maintenance

Direct to account email pings when systems settings change.? Advance maintenance warnings.

Benefits to Installing EV Charging Stations

Installing Electric Vehicle (EV) charging stations enhances the appeal of your site and offers advantages to all property owners. Whether it is a residential complex, office space, public area, or commercial establishment, the installation of EV charging stations gives you a competitive advantage.? Commercial property owners are uniquely positioned to benefit from the surge in demand for EV charging stations:

• Extended Customer Dwell Time

Dwell time refers to the amount of time that EV drivers spend at a place of business while their vehicles are being charged. By offering charging facilities, businesses can capitalize on this opportunity to drive sales. Retailers, restaurants, grocery stores, and other service providers can entice EV owners to shop or dine while waiting for their vehicles to charge. This increased dwell time can result in higher sales and revenue for businesses. Furthermore, longer dwell times can also offer opportunities for businesses to find new ways to engage with customers and provide additional services or experiences.

• Government Incentives and Cost Savings

Federal and some state governments offer incentives and grants to businesses that install EV charging stations. These incentives can help offset the initial costs of installing charging infrastructure. Additionally, businesses with their own EV fleets can save on fuel costs by transitioning to electric vehicles and installing infrastructure to power their fleets.

• Attract an Expanding Customer Base

As the number of EV owners rises, providing EV charging stations can be an effective strategy for businesses to attract new customers. Drivers seek convenient places to charge their vehicles, and businesses that offer reliable charging facilities can become preferred destinations.

• Positive Brand Image and Corporate Social Responsibility

By providing EV charging, companies can enhance their brand image and demonstrate their commitment to sustainability. This aligns with the expectations of the modern consumer, who seeks to support businesses that prioritize social responsibility.

• Collaborative Partnerships and Marketing Opportunities

As the demand for EV charging grows, partnerships between businesses and EV charging providers can foster mutually beneficial relationships. By hosting charging stations, businesses can attract customers who utilize charging apps or services to locate nearby stations. These partnerships leverage marketing opportunities and cross-business collaborations that can drive foot traffic and boost sales.

As a full-service company founded in 1999, Core States Group has the in-house capabilities to both design and build Zero-Emission Vehicle Infrastructure across North America. With 2,500+ charging stations already completed, our deep understanding of the intricacies involved in EV charging stations makes us well-equipped to execute projects with precision, and our team is equipped and licensed to facilitate a streamlined approach and speed to market. The services we provide go beyond engineering and construction, extending to utility coordination, program management, prototype development, architecture, due diligence, site assessments, entitlement, land use, procurement, and more.

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SOURCES

https://rmi.org/press-release/evs-to-surpass-two-thirds-of-global-car-sales-by-2030-putting-at-risk-nearly-half-of-oil-demand-new-research-finds/

https://en.wikipedia.org/wiki/Charging_station

https://en.wikipedia.org/wiki/Electric_vehicle_charging_network

https://www.core-states.com/corenews/benefits-to-installing-electric-vehicle-charging-station/