Cost to add EV charging stations to the Business Parking lot

Cost to add EV charging stations to the Business Parking lot

Currently, the majority of the people on this earth rely on gasoline-powered vehicles as their prime mode of transportation. Fossil fuels are a non-renewable source of energy and contribute a lot to atmospheric pollution through vehicle emissions. Experts are in the favor of trying other options such as hybrid or electric vehicles that emit minimum emissions.

EVs have zero emissions and are far more sustainable. Electricity required for EVs can be generated using renewable sources rather than fossil fuels. However, before there is a widespread shift to electric vehicle usage, a necessary network of EV charging stations must be formed to reduce the range and access issues of EV users. Since most EV charging stations are located in public areas, commercial areas or single houses, YOU – being a business owner – can work to make electric vehicles feasible by incorporating an EV charging station in your parking lot. You might be thinking about what benefits the idea of having EV charging stations in a parking lot would be? Let’s check out.

1. Commitment towards environment

Many of the company owners are aware of current environmental issues and are taking steps to lessen the negative impact of their business. Adding EV charging stations to your parking lot will promote sustainability as you will provide a place for electric vehicle users to stop and charge their vehicles.

This idea works well in commercial and office buildings where people come after traveling and need to replenish their vehicle’s power. They can plug in their electric vehicles and charge them while shopping or roaming around.

These charging stations will also encourage people trying to switch to electric vehicles and use them to lower their daily emissions. The more the company owners will make charging stations available, the more electric vehicles will be feasible, and people will slowly reduce the use of fossil fuels.

2.       Enhance the image of your building

Together with your commitment to the environment by supporting wider practices for sustainability, another advantage of an EV charging station in your parking lot is that it will enhance the image of your building. People will notice your actions of going green and will be encouraged to support your business by choosing to work with you or your building as an office space.

Those employees who are environment friendly will try to hold on to your company, and the investors or supporters might increase after looking at your proactiveness towards saving the environment by adding EV charging stations.

3.       Getting opportunities to advertise your business

Business owners always look for opportunities to advertise their business to increase revenues and exposure among the people or targeted consumers. EV charging stations can be one of the modes of advertising. When people using EVs search online for locations offering charging stations, your company will stand out among the competitors as a place where visitors can get charging facilities.

Moreover, your business will become a pinned site in many applications that show users where charging stations are available and get directions via those online sites. With the initial draw of charging stations, you can continue to advertise your products or the business you provide.          

4.       Increase potential source of additional revenue

Adding charging stations to your parking lots provides you an additional opportunity to generate revenue from people using station services. You can set a price for people they pay for electricity while charging their vehicles. You can also provide free services to your business customers and charge a fee to people who only use your charging stations. So you will be able to generate revenue in any case.

Now, when you know the benefits of adding charging stations, try to install them in your parking lot. You can install them as a separate unit or integrate them with semi-automatic parking systems with all EV charging features. The cost of installing a charging station is around 25 lakhs (approx.), including the equipment and hardware cost. Hence if you are interested, go for it and offer your customers to charge their electric vehicles in your building. 

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