Businesses that don’t invest in EV charging stations could be left behind. EV drivers are looking for places to charge and will visit companies that provide them. EV owners also appreciate communities that offer green amenities like EV charging stations. These communities become preferred places to live, work and shop/play.
Reduced Carbon Footprint
As EV adoption increases, businesses must prepare for changes to their business model and revenue streams. Those ready to make the shift will benefit from new consumer behaviors, reduced operational costs, and other advantages that come with the future of mobility. As more people adopt EVs, the need for businesses to provide EV charging stations will grow. Those not investing in EV charging stations may miss potential sales and profits. In addition, EV drivers often combine their refueling stops with shopping, dining, visiting local attractions, or other activities, increasing the revenue potential of locations that offer EV charging.
Currently, most EV chargers are located in urban areas. However, as EV adoption grows in rural areas, communities must develop EV charging infrastructure to attract travelers and bolster local economies. Providing EV charging stations will also enable businesses in these areas to become part of the broader EV charging network, creating opportunities for EV owners to visit and spend money with them. Moreover, many EV drivers have high disposable income levels and may be a valuable customer base for restaurants, shops, and other service providers.
Increased Customer Satisfaction
Businesses will reap customer satisfaction benefits by providing EV charging stations, encouraging customers to stop at your location, stay longer, and spend more money. In addition, EV charging stations company can showcase sustainability and social responsibility. Consumers increasingly choose companies they believe in and want to patronize businesses that share their values.
EV technology and trends have shifted the industry landscape in profound ways. Growing environmental movements cast a spotlight on emissions concerns, electric vehicles, and ridesharing services. Technological advancements in micro-mobility (e-scooters, e-bikes, and electric mopeds) make it possible for consumers to get around without owning their cars.
Autonomous driving still steals the headlines, but promises of mainstream robo-taxis are unlikely to be fulfilled soon. There are numerous hurdles to overcome: existing tech needs refining, regulatory environments must change, and consumers must embrace a paradigm shift that includes shunning private vehicle ownership. Despite these challenges, many companies are working to advance the future of mobility. The next decade could see major changes in how people and goods travel from point A to point B.
Reduced Maintenance Costs
Consumers and fleets are converting to EVs because they’re cheaper than traditional vehicles. A Union of Concerned Scientists study estimates that EV drivers save $770 per year on fuel costs alone, with reduced maintenance expenses adding another $330 in savings. Installing a commercial EV charging station on your business property effectively attracts customers and promotes brand loyalty. EV owners tend to have higher disposable income and likely frequent your establishments more often when they know you have charging ports available. EV chargers are easy to install and can be paid hourly or by prepaid tap cards. Plus, EV Meter chargers allow business owners to set up payment plans that align with their unique needs. For example, some companies offer employees a free EV charging station displaying their company EV key card and charge others a flat fee consistent with other parking rates in the area.
Reduced Parking Needs
The EV movement has many benefits for businesses, including reducing parking needs. Since EVs run on electricity, they emit no tailpipe emissions and produce less brake dust pollution than traditional vehicles. This can help improve air quality around your business, resulting in healthier employees and customers. Furthermore, EVs can be powered by renewable energy sources, which helps reduce energy costs and carbon emissions. This can result in lower utility bills for your company and a greater return on investment for installing EV charging stations.
Moreover, installing EV charging stations can attract regional travelers driving EVs. This can benefit local restaurants, casinos, parks, and other businesses that want to boost visitor revenue. While car sales have been declining, people are still becoming more mobile. Micromobility options like e-bikes and electric scooters are growing, and new business models such as car sharing and direct-to-consumer purchases have emerged. And electricity companies are starting to integrate EV batteries into their grids to stabilize them and meet increasing consumer demand for clean mobility.
Increased Employee Satisfaction
In an era where many people are already looking for alternative transportation options in the wake of the COVID-19 pandemic, companies that invest in EV charging stations can show that they are at the forefront of the future of mobility. The four emergent trends – connectivity, electrification, autonomous technology, and shared mobility – are poised to transform how we get around.
This is evidenced by the fact that car sales have begun to slow down, and some cities are even eliminating minimum parking requirements to promote greener modes of transport. The popularity of micro-mobility solutions like e-bikes, e-scooters, and roboshuttles is also on the rise. As more people switch to EVs, they’ll want to charge their vehicles at work and will be inclined to choose businesses that offer this benefit over those that don’t. Adding EV chargers to your business’s property will be seen as an added perk to boost morale and help you attract and retain the best talent. Especially since employees who drive EVs often qualify to use the carpool lanes on their commute.