Over 1.5 million electric vehicles (EV) are now on the road across the United States, and sales continue to grow. EVs are increasingly showing up in workplace and community parking lots throughout the United States. With more than 50 models available and many more expected to be released in the next several years, the demand for EV charging stations is rapidly increasing.
Reasons to Install an EV Charging Station
There are generally three reasons that business owners decide to install EV charging stations:
- To allow employees to charge their vehicles
- To let customers and clients charge their vehicles
- To power a business fleet of electric vehicles
Seven Ways An EV Charging Station Can Benefit Your Business
1. Increase Awareness of Your Business
Once a charging station is installed on your property, your business will be included on smartphone apps that show EV drivers the stations closest to them or in areas where they will be traveling. EV owners use apps such as PlugShare to plan routes, locate premises with chargers, and create discussions. Users can log successful charges and post reviews based on their experience.
2. Attract and Retain New Customers
Providing infrastructure and facilities that offer convenience and practicality to new customers makes a positive first impression. EV drivers are always looking for convenient ways to keep their vehicles charged while shopping or dining. They’ll be more likely to stay longer at your business and, as a result, spend more money if charging their EV is safe and convenient.
3. Gain Valuable Tax Advantages and Rebate Incentives
Installing a charging station can provide significant tax advantages for business owners. On the federal, state, and local levels, there are a variety of tax credits and rebate incentives for businesses that install EV charging stations. Ameren Missouri is currently offering incentives for businesses seeking to install EV charging stations at workplaces, multi-family apartment buildings, and in publicly accessible locations. These incentives are open to most Ameren Missouri business customers.
4. Increase Your Property Value
Experts in commercial real estate and major corporations, including Whole Foods and Wal-Mart, recognize the importance of electric vehicle charger installation. Adding charging stations to your parking facilities is likely to increase your property’s value and draw more customers. With tax credits and rebates widely available, the cost of adding this valuable infrastructure to a commercial property is more affordable than ever.
5. Earn Revenue
Some large retailers offer free EV charging because they know it increases shopping time in their stores. Others opt to charge for the service. With EV charging stations in high demand, it makes sense to bill users for the service. With little or no effort or additional staffing needs, charging for parking and EV station use can provide an additional revenue stream.
6. Attract and Retain Employees
Having an EV infrastructure in place demonstrates a commitment to innovation and the environment, which may tip the balance in attracting and retaining employees. Employees with electric vehicles are likely to view a charging station as a valuable perk, especially if they have a lengthy commute.
7. Prepare for Change
EVs represent cutting-edge technology and offer a solution to some of the world’s most pressing environmental problems. Currently, buyers of EVs can benefit from a tax credit of $2,500 to $7,500, depending on the size of the battery. Installing a charging station makes it easier to use EVs for business purposes since it provides a convenient way to keep vehicles charged.
EV Charging Stations Can Make a Big Difference
Installing EV charging stations can benefit your customers, employees, and the broader community while helping establish your leadership in sustainability and innovation. Businesses with fleet operations can save on the total cost of vehicle ownership through fuel and maintenance savings while reducing emissions. With Ameren Missouri incentives and federal tax credits, the cost of adding EV charging stations is now more affordable than ever for Missouri business owners.
Call a Local Trusted Electrician
Once you’ve decided to install an EV charging station, getting the job done right the first time is essential. With various EV charging options, it’s important to work with an electrical contractor with the right experience to help you make the right decisions. The electricians at Pallardy Electric have the skills and expertise to install and repair EV charging stations. We’ll work with you to ensure your electric vehicle charging station meets your needs.
When you need electrical work for your home or business, call on Pallardy Electric. We’ve been serving St. Charles and St. Louis counties since 2001. We’re licensed, bonded, and insured for your safety and protection. Call us at (636) 202-1794 to schedule a free estimate.