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IP Insight: Why Your Business Needs EV Charging Stations

Posted by [email protected] on May. 4, 2022  /  Subscribe 0

From Industry Partner Egan Company

In the coming years, electric vehicles will make up more than 25% of vehicles on the road. At first glance, this might seem like a small percentage, but in reality it accounts for several million vehicles. While the adoption of electric vehicles grows, now is the time to get into the electric vehicle charging station game.

THE MANY BENEFITS OF EV CHARGING STATIONS

Business owners and property managers alike can reap the benefits when it comes to installing EV chargers. As the sheer number of electric vehicles on the road increases, a business opportunity arises allowing you to fulfill the needs of tenants and customers while drawing them into your business. While the benefits are nearly endless, a few include include: 

1. Keep employees supported by meeting their EV charging needs.
2. Attract customers who stay longer and spend more time at your business. EV drivers are always looking for somewhere to charge, thus, customers who may have never found your business, are much more likely to stumble upon it when looking for an EV charging station. 
3. Embrace sustainability. People seek environmentally friendly options – by implementing EV charging stations, you are showcasing your commitment to sustainability and renewables.
4. Hassle-free revenue from EV drivers – consider the fees from charging as another source of income. 
5. Ability to tap into government and other incentives provided toward installing EV chargers
6. Increase your overall property value.

Want to learn more? Contact Egan Company.

The “Insight from an IREM Industry Partner” blog series is a series of short articles from IREM Minnesota Industry Partners sharing their expert insight on issues of interest to property managers. All IREM Minnesota Industry Partners are invited to participate. The opinions expressed are those of the author.

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