Smart Business: Partner with a CPO for Your EV Chargers

Electric vehicles (EVs) aren’t going anywhere, businesses are increasingly recognizing the need to offer EV charging infrastructure. However, this is a big decision, and deciding between owning the EV chargers themselves or partnering with a Charge Point Owner (CPO) can be crucial. For many businesses, choosing a CPO offers significant advantages over self-ownership.

One of the biggest advantages of partnering with a CPO is it eliminates the substantial upfront costs associated with purchasing and installing EV chargers. These expenses can be significant, especially for multiple high-speed charging points (DC Level 3 chargers). A CPO typically covers these costs, allowing businesses to offer EV charging without straining their capital resources.

Maintenance and upgrades are another critical deciding factor. EV charging technology is evolving rapidly, and keeping up with the latest advancements can be challenging and expensive. CPOs are typically responsible for maintaining, updating, and replacing charging equipment, ensuring your business always offers state-of-the-art charging facilities without ongoing investments.

EV chargers require some technical expertise. This is crucial in managing any EV charging infrastructure. CPOs bring specialized knowledge in electrical systems, charging protocols, and network management. Using a CPO ensures optimal performance, minimizes downtime, and provides a seamless experience for EV users.

We know businesses love dealing with regulatory compliance (just kidding), and in the EV charging space, this can be complex and vary significantly by region. CPOs stay abreast of changing regulations and ensure that a business's charging facilities comply with all relevant laws and standards, reducing legal risks for your business.

Many CPOs, like Coral EV, offer revenue-sharing models, allowing businesses to benefit financially from the charging services without the associated risks and responsibilities of ownership. This can turn your parking spaces into profit centers with minimal effort on your part.

Some value-added services such as customer support, usage analytics, and marketing support can also be part of the experience. These services can enhance the customer experience and provide valuable insights for your business.

Owning EV chargers might seem appealing, but consider partnering with a Charge Point Owner like Coral EV that offers a lower-risk, more flexible, and potentially more profitable approach for your business.

If you’re interested in discussing adding EV chargers to your business through a CPO, contact me at [email protected], and let’s chat.