Why install EV charging stations?
Electric cars are the way of the future! As you can see, governments are encouraging using electric vehicles as a viable alternative and investing in more electric vehicle charging stations. However, the current charging infrastructure is inadequate, and today we will discuss the reasons for building electric vehicle charging stations.
Global Warming
To travel 100 miles, electric vehicles require 24 to 50kWh of grid power. By 2050, increased electrification will increase national consumption by up to 38%.
Energy Prices
The rising prices of petroleum products mainly drive the market. The increase in the price of petroleum products has already impacted a large number of customers in developing countries. The cost of operating these vehicles will fall with using electric cars.
Manufacturers are expected to create electric vehicles with longer battery life and longer service life. In addition, the price of electric vehicles is spurring demand for charging stations and electric cars as the cost of batteries declines.
Government Policy
Government spending and consumer incentives to build charging infrastructure globally will allow OEMs to improve their revenue streams and expand their geographic reach.
Asia Pacific is expected to be the fastest-growing EV charging station market region as governments in countries such as China, Japan, South Korea, and India are implementing aggressive reforms. Several countries are working to prioritize developing EV charging infrastructure to make EV charging more convenient than it is today.
Market Needs
Government support for electric vehicles and their charging infrastructure through incentives, subsidies, and tax breaks is responsible for the increased demand in the electric vehicle industry. Growing demand for fuel-efficient commuting is another factor.
In addition, many countries intend to phase out fossil fuel vehicles from the market within the next 20 years.
Benefits For Business
Enhance brand value and demonstrate commitment to the environment
Social responsibility is a core value in the modern business world, and promoting green transportation is a critical component of that. Hosting electric vehicle charging stations demonstrates the company’s commitment to minimizing the environmental impact on its operations and personnel.
The best practice is incorporating EV charging stations into the company’s sustainability policy. By installing charging stations, you can show employees and customers that the company cares about the environment and is doing its part to reduce its carbon footprint. In addition to the additional benefits described in this blog, it raises the company’s profile.
Contributing to the development of electric vehicle infrastructure
Suppliers of EV charging stations also support cloud-based application connectivity so EV users can easily find nearby charging stations. These charging station operations benefit as a result, as they may attract local EV drivers to their locations. In addition, it advances the goal of building a large EV charging infrastructure.
As a result, it increases the momentum and profitability of EV charging businesses. Last but not least, EV charging producers provide ongoing assistance for installing and maintaining charging stations, so the company can continue to leverage business revenues without difficulty.
Increase productivity and save costs
Workplace charging stations can simplify employees’ lives by reducing the time spent, for example, finding a charging location. For companies that rely on their fleets, there is the potential to reduce fuel and maintenance costs.
Increase sales
The installation of electric vehicle charging stations forces customers to stay longer, which allows companies to sell more in the case of shopping malls, brick-and-mortar stores, or highway snack stations. Sales and business profitability may increase due to the installation of electric vehicles in specific locations.
Convenience is one of the essential criteria that customers consider when choosing which businesses to work with. Customers will find the property’s electric vehicle charging facilities attractive because they can quickly charge while attending a meeting or field trip.
