Is now the time to invest in EV?

When the UK government announced its ‘Powering Up Britain’ energy strategy in 2023, boosting EV charge point infrastructure was at the heart of a ￡380 million commitment. The EV revolution is on everyone's agenda - but is now the time for more commercial organisations to join the EV revolution?

Commercial fleets and destination locations to retail and hotel/leisure spaces will be eyeing many factors, including advances in battery range, financial incentives at both a corporate, customer and employee level, recharge speeds and costs and, of course, how the upscaling of the charging infrastructure fits their business needs.?

The business case

Being EV-ready is already creating a competitive advantage for companies in terms of recruitment and differentiation, alongside the potential for lower operating costs and the significant carbon reduction delivered via BEV fleets over fossil fuels. Another big draw is the opportunity for revenue generation.

From a customer perspective, the business case is equally compelling, particularly in hospitality, where the expectation for EV charge point capability will soon rank alongside WiFi.?

It's clear that businesses want to get on the path to meet their low-carbon goals, but such an endeavour might not always seem financially viable - until now.

Return on your no-upfront-cost investment

Our latest offering allows businesses to invest in EV charging infrastructure with no upfront costs, whilst generating revenue from day one.

We make it easy for operators to install the latest charge point technology without any capital expenditure while benefiting from EA NZ’s expert design, installation, and maintenance support. Under the arrangement, EA NZ owns and manages the technology in exchange for monthly rental payments, while you gain access to a new revenue stream via charging for EV charging services.

The big question...

The question businesses should be asking themselves is not 'can we afford to invest in EV?', as EA NZ will take care of the costs, but 'can we afford not to invest in EV?'.

For example, hotel operators capable of satisfying their customers' growing EV demand can create a competitive advantage for themselves in a crowded marketplace, not only by attracting guests but also by providing a ‘park and charge’ service for passing motorists.

For retail, research by Drax has suggested that average retail park connectivity comprises four EV charge points, whereas keeping pace with demand even today requires installing the technology in one in 10 parking spaces to cope with an average stay of two hours. And, with National Grid predicting EVs will account for one-third of all road vehicles by 2030, this demand is only going to increase.

Time is of the essence

EA NZ offers a mix of rapid-fast and ultra-fast EV charging units from 7kW to ultra-fast 360kW. A digital dashboard provides sites with 24/7 access to charge point data, revenue generation reporting and management information. All of this is available right now at no upfront cost.

The direction of travel is firmly towards the electrification of vehicles, and there's a growing expectation for EV charge point provision that offers convenience while supporting wider sustainability goals.

Start your no-upfront-cost journey to Net Zero here.