As the world transitions towards sustainable energy, electric vehicles (EVs) are becoming increasingly popular. However, one major obstacle for EV owners is the availability of charging stations. This presents an excellent opportunity for commercial, retail, and multifamily property owners to install EV charging stations.
Here are some of the benefits of doing so:
Attracting More Customers
EVs are rapidly rising in popularity. Government legislation and financial incentives are helping the car owners make the switch. In 2022, 5.7% of cars were fully electric. That’s up from 3.2% in 2021, 1.7% in 2020, and 1.4% in 2019. Currently demand for electric vehicles is outpacing supply.
Installing EV charging stations at commercial properties will very quickly transition from a forward-thinking amenity to a requirement for leasing. At retail locations, EV owners are more likely to spend time shopping or eating while their vehicle charges, which can increase revenue for businesses.
Enhancing Corporate Social Responsibility
By offering EV charging stations, commercial property owners can contribute to reducing carbon emissions and combating climate change. This can help to enhance the company’s reputation as a socially responsible business, which can attract more customers and investors.
Tax Credits, Grants, and Rebates
There are a variety of benefits available from Federal, State, and local governments, as well as local utilities, that are designed to encourage the transition from ICE (Internal Combustion Engine) to EV vehicles. This is especially true for infrastructure investments, like electric vehicle charging stations. Depending on your municipality and your utility company, those benefits vary, but Lightility can lead you through that process.
Adapting to the Future
By installing EV charging stations, businesses can future-proof their operations, support BEPS, gain LEED points, and increase property values.
Choose Lightility for Your EV Charging Installation Needs
Installing EV charging stations at commercial properties can provide a range of benefits, including attracting more customers, enhancing corporate social responsibility, reducing operating costs, and adapting to the future.
If you have a specific project that you are considering for electric vehicle charging, please reach out to one of our experts who can assist you in understanding what EV charging can look like at your facility.