What Makes EV Charging Provision A Better Investment for Property Managers
You're not alone if electric vehicle (EV) charging has piqued your curiosity recently. For good reason, property managers around the country are paying close attention to electric vehicle charging. We live in a world that is becoming increasingly electronic. More people are purchasing electric vehicles. Which is increasing the need for charging stations. The truth is that electric vehicle charging stations are no longer a useful convenience. Rather, they are a necessary component of any business property.
Investing in electric vehicle charging stations offers several advantages. Incentives, favorable brand impression, brand loyalty, and higher revenue are among the most crucial factors.
Benefits of EV Charging Provision
The cost of installation is less than you would imagine. Local governments, state governments, and federal organizations frequently offer tax breaks and other incentives to encourage the adoption and marketing of electric cars around the country. These savings may be used by commercial properties to cover any potential cost gaps in the installation and building of charging stations.
Image of the Property
Many individuals nowadays are concerned about environmental concerns. Consumers are increasingly choosing to buy from and work with companies that share their values. Installing an EV charging station in your parking lot, whether you handle commercial real estate, retail, hotels, or restaurants, shows that your company cares about the environment and reducing carbon emissions. EV charging stations may also assist businesses in obtaining environmental certification, which may be advertised alongside your brand.
Building Loyalty to The Product
A consumer is more likely to purchase at a business or eat at a restaurant that offers free car charging than a comparable facility that does not.
In fact, 40% of electric vehicle drivers are prepared to return to charging stations on a weekly basis (source). Similarly, hotel customers who drive great distances before arriving must be able to recharge their electric vehicles. They'll almost certainly select a hotel with charging stations and stick with that brand for the duration of their road trip and beyond.
Revenue Increase
EV owners are more likely to be higher-income and have more disposable income than the general population. This indicates that they may be willing to spend more money at your establishments. These drivers are also more likely to stay at your site for longer periods of time due to the time it takes to charge an EV. When you have more time to browse, you're more likely to buy more things or services.
Furthermore, many EV charging stations have LED panels on which digital advertising may be shown. Additional cash can be generated by selling ad space here.
Due to the above-stated reasons, property managers day by day are inclined towards installing Ev charging provision which indeed will make the property more desirable in near future. Perhaps it is time to invest in the projects that already included EV charging provisions, understanding the above-stated benefits. Call us today to have a look at our latest and hottest projects that include EV charging provisions
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