Last Updated on October 17, 2022 by Ghiselle Rousso
The North American electric vehicle market is growing rapidly, and forward-thinking businesses are seeing the many benefits of installing charging stations for their employees and consumers. Let’s get straight to the top five advantages of installing EV charging stations at your workplace to assure early adoption and get a competitive edge.
Bring in Extra Revenue
Implementing EV charging is a simple method to add a hassle-free second stream of income for businesses that find that many of their staff or customers are driving electric vehicles. There is minimal work involved for businesses to implement a payment system for EV charging stations, and no need to hire extra help. Better yet, the revenue generated from EV charging station will eventually cover the initial investment and ongoing upkeep expenses.
Companies can decide for themselves whether to charge employees for using the system or provide it free of charge, thus both options should be considered. It’s up to the discretion of the business whether or not to cover the cost of EV charging for personnel while charging clients. If a company decides to implement a payment system, it is crucial that employees are not discouraged from using it due to the associated costs. Typically, companies will charge anything from 39 cents to 79 cents per kilowatt hour.
Get Money and Other Rewards
Strategic EV charging infrastructure in a variety of locations is essential to the longevity of the electric vehicle revolution. In order to accomplish this, federal and state governments have appealed to businesses of all types to contribute to the development of the EV charging infrastructure necessary to accommodate the increasing number of EV drivers. Government organizations at the federal and state levels, as well as local energy companies, have developed a number of financial incentives, including tax credits and grant financing, to reduce the out-of-pocket expense of installing EV charging stations in commercial buildings.
Maintain a Happy and Reliable Workforce
There is a widespread lack of talent and skills, therefore companies in all sectors require novel approaches to recruiting and retaining top employees. Young individuals who care about the environment are less likely to want to work for a company that is harmful to the environment. Since Millennials and Generation Z are expected to make up the bulk of the global workforce by 2025, firms that hope to retain and attract top talent must cater to the priorities of their employees.
More and more people are opting to drive electric vehicles, thus offering EV chargers to your staff is a very practical and appealing perk. Employers who invest in electric vehicle charging stations for the office show staff that they care about their requirements and support their ideals, boosting morale and productivity.
Attract Customers and Build Loyalty
Organizations that install EV charging stations in the workplace are more likely to be visited by both prospective employees and consumers. Sustainable business practices send a message that is appreciated by today’s environmentally conscious consumers, particularly those in the millennial demographic.
Workplace EV charging stations are a great way to show appreciation for your customers and encourage loyalty. Client customers can easily top off their batteries while they shop or attend a conference at a business that has installed an electric vehicle charging station. Consider that the parking lot is often the first point of contact between your business and a potential client. Having an EV charging station for electric vehicles shows commitment to corporate social responsibility and a desire to help the growing number of consumers who have made the switch to EVs.