Plug-in electric vehicles (otherwise called electric vehicles or EVs) are associated, fun, and useful. They can reduce emissions and even save your money. Filling with electricity offers a few benefits not available in conventional internal combustion engine vehicles. Since electric engines respond rapidly, EVs are responsive and have generally excellent force. EVs are often more digitally connected than regular vehicles, with numerous EV charging stations giving the option to control charging from a smartphone application. Just like your phone, you can plug in your EV when you return home and have it prepared for you to use the next morning.
Since the electric framework is accessible anyplace, there are a variety of alternatives for charging: at home, work, or on the road. By charging frequently, you may never need to go to a service station again!
EVs can also reduce the emissions that add to environmental change and smog, improving public health, and reducing ecological damage. Charging your EV on sustainable power, for example, solar or wind minimizes these emissions even more. See the difference in emissions between a conventional vehicle and an EV utilizing the calculator on the right.
An electric vehicle charging station, likewise called EV charging station, electric recharging point, charging point, charge point, electronic charging station (ECS), and electric vehicle supply equipment (EVSE), is a machine that provides electric energy for the charging of plug-in electric vehicles—including electric vehicles, neighborhood electric vehicles, and plug-in hybrids.
Some electric vehicles have converters onboard that plug into a standard electrical source or a high-capacity appliance outlet. Others utilize a charging station that gives electrical transformation, monitoring, or safety functions. These stations can support quicker charging at higher voltages and currents than residential EVSEs. Charging stations give a range of heavy-duty or unique connectors that conform to the set guidelines. Public charging stations are commonly on-street facilities given by electric service organizations or situated at retail malls, restaurants, and corporate parks. They can be operated by different privately owned businesses.
Benefits of EV Charging Business
- Tax Advantages and subsidies-
According to a statement by the Finance Ministry, the GST rate on EVs will be reduced to 5% from 12%. The government will provide an additional income-tax deduction of ₹1.5 lakh on the interest paid on loans taken for the purchase of EVs. This amounts to a benefit of around 2.5 lakh over the loan period to the taxpayers who take loans to purchase electric vehicles. In order to make infrastructure for EV affordable, the Council also decided to lower the GST rate on the charger or charging stations for EV to 5% from 18%. Also, to make EV popular for public transportation, the hiring of electric buses (of carrying capacity of more than 12 passengers) by local authorities will be exempted from GST.
- Attract and Retain High-quality employees-
Adding EV charging stations to company buildings is a huge advantage for employees— it encourages and facilitates their experience using EV vehicles. Think about the number of hours an employee parks in your lot. All of those hours could be utilized for charging their car, which is a significant advantage, particularly for employees who might not have a home charger.
This advantage can help decrease commute times in territories where EVs meet all requirements for carpool paths. All of this implies that the expansion of an EV charger can be a ground-breaking negotiating tool in retaining and holding talented workers. proprietors express strong interest in work environment charging, and numerous businesses already see the importance of introducing charging stations.) As an added bonus, if your organization’s premises service clients face to face, charging stations offer a special incentive for them to pay you a visit.
- Promote Sustainability-
If your business is pushing a sustainability strategy, adding EV charging stations is probably the simplest step you can take. By adding charging stations, you demonstrate to both your employers and customers that you are taking action to promote sustainability and do your part in reducing emissions. In the event that you want to include EV charging as a feature of corporate sustainability strategy, it is easy to go with a smart EV charging infrastructure. Smart EV charging frequently incorporates a dashboard.
Adding charging stations can help you entice customers in two key ways- Build Goodwill-Consumers, especially millennials, increasingly care about associating with corporations that promote sustainability. They are more motivated to work for a company that produces a product or service they believe in and also create it in a responsible way.
Attract customers with EVs- Charging stations can also attract new and loyal customers eager to patronize businesses that are supporting the transition to electric mobility. If you run a restaurant or a hotel, you might entice customers with your charging stations who might otherwise go somewhere else.
- Increase your Footfall-
Using Apps, EV drivers can discover areas to charge their vehicles. If you introduce an EV charger on your business premises, it will feature on these applications and could increase the probability of visitors to your business. A significant number of these visitors could be local, yet some may be basically passing by and need to stop and charge. EV chargers could expand your brand awareness and these visitors could quit charging their vehicles and become one of your customers.
2. Generate revenue through selling electricity-
By installing an EV charging point outside your business, you could generate additional revenue by selling the electricity to the EV driver. Businesses can retain a profit on the price the driver pays to charge their vehicle, so the more EV charging points you have the more revenue you could generate.
Benefits of EV charging stations at various business centers-
Visitors will stay longer-Electric cars typically need to be charged for at least an hour, which means that any visitors who are using your charging station will stay in your facility for at least that time. That means they’ll be more likely to opt for dessert, drinks, or coffee. Will attract repeat customers-A restaurant that offers EV charging stations is very likely to attract repeat customers. Electric car users will know that your facilities are able to accommodate their needs, and they’ll be more likely to choose you over competitors.
It will be recognized as environment friendly-Many consumers are very concerned with the environmental impact of their choices, and if your restaurant has an EV charging station, it will enhance your company’s image. When consumers are looking for an environmentally friendly choice, they’ll choose your restaurant.
- Profit from Fee-based charging or offer as a complimentary service.
- Attract new Ecotourism and electric car driving premium guests.
- Increase revenue per available room.
- Get higher ratings and positive reviews on popular travel sites.
- Get your Hotel featured in map services and navigation systems.
The presence of EV charging stations gives the hospital or medical office a modern and sustainable appearance that fits the overall image that healthcare facilities typically portray: healthy living, scientific achievement, and cutting-edge patient care.
Why Should Healthcare facilities install EV charging stations-?
- Providing valuable amenities for doctors, nurses, patients, and visitors who drive EVs.
- Improving air quality and reducing emissions near sensitive communities.
- Enhancing the visual appeal of the facility with high-tech charging stations.
- Adding a “Green” dimension to the overall perception of the hospital.
Benefits of EV charging Station in Shopping Malls and Multiplex:
- Attract EV Drivers-
Many individuals drive and park for their retail shopping trips—so many that the quantity of vehicles in lots is being utilized to anticipate the market performance for retail organizations. EV drivers clearly need to stop, as well, and they want to do it where they can charge. As the EV industry continues developing, EV charging will turn into a key investment for retailers that need to draw in EV drivers.
- Increase Customer Spend-
Charging not only attracts customers and keeps them around longer, but can also increase the amount of time and money they spend in a store. One major retailer found that shoppers spent about a dollar for every minute they were in the store. By adding EV charging, the retailer tripled time in-store and, as a result, tripled customer spends. Now that’s a good deal.
- Put your Store on Map-
EV charging also puts stores on the map—in a real sense. EV drivers depend on EV charging applications like ChargePoint’s mobile application to rapidly discover places where they can charge. At the point when drivers search for spots to charge in our application, they can easily discover retail locations that offer to charge for their vehicles. Since EV drivers tend to charge their vehicles while they shop, having charging accessible can persuade drivers to pick a store over a competitor’s area.
- Create Customer connections-
With smart EV charging that lets drivers interact with stations online or in a mobile app, retailers can create virtual “Connections” to drivers who use their stations. This just requires drivers to submit a simple connection request in the app and allows retail organizations to learn more about who’s using their stations and when giving them new insight into their customers.
- Offer Special Deals to EV Drivers-
Retailers can build on these customer connections by developing loyalty programs that cater to EV drivers. Giving EV drivers special deals can bring them back to charge (and shop) even more often. Some sample offers that companies have created include free charging, free stays at hotels and even free wine tastings.
- Customers stay for long-
Retail businesses benefit from EV charging stations. They motivate customers to remain and browse for more with straightforward parking facilities that can at the same time give charging benefits. Longer browsing increases the shopping basket.
2. Keeping employees happy-
Employees who feel valued by the business and whose needs are more engaged and productive. Providing essential electric charging for employees demonstrates a responsive and committed employer. Demonstrating environmental commitment and supporting brand value- Social responsibility is key for businesses today and enabling greener vehicles is a significant part of that. EV charging in the work environment sends a reasonable and clear message about where the business stands regarding reducing the ecological impact of its operations and personnel.
3. Improving efficiency and cutting costs-
Electric charging points at work may make life easier for employees; reducing time spent seeking out where to charge, for example. For companies where vehicle fleets are part of the business, there are opportunities to save on fuel and maintenance costs.
4. Providing convenience for clients-
Clients make decisions about which companies to partner with on the basis of a wide range of factors – and convenience is one of the most important. EV charging stations on the premises will be attractive as clients can simply fill up with charge while attending a meeting or site visit.
EVs represent cutting-edge technology and offer a solution to some of the world’s most pressing pollution problems. Installing an EV charging station on your premises brings both financial and environmental benefits, and it offers long-term advantages for your brand. Today, cutting prices or adding a few new benefits may not be enough to create the loyal customer or employee base that you are hoping for.
As people become more aware of the benefits of owning electric vehicles not only for themselves but for the environment, they will be looking for companies that have similar values and are willing to take action and what better way to show that you are taking action than installing electric car charging stations as a way to help prove your company’s commitment to the environment.