THE EV REVOLUTION
By 2030, 50% of new car sales are projected to be electric vehicles
U.S. Government has committed $7.5 billion in funding for EV charging infrastructure
EV sales are expected to increase by more than 800% in the next 8 years
Accelerated demand for EVs will require installation of 1.4 million charging ports
478 new ports each day for 8 years
EV chargers will be a $25-30 billion market by 2030
EV Cars Environment ROI
Environmental ROI of EV cars can be significant if they are charged with renewable energy sources and driven in a way that maximizes their efficiency.
Fewer maintenance costs
EV cars have fewer moving parts than gasoline-powered cars, which means they generally require less maintenance over time.
Gas Savings With EV Charging Stations
In general, the cost of electricity is lower than the cost of gasoline on a per-mile basis. Cost per mile would averages 3 cents per mile vs 10 cents for gas powered vehicles.
Tax credits and incentives
The US federal government offers a tax credit of up to $7,500 for the purchase of a new EV, and some states offer additional incentives like rebates or tax credits.
Generating Revenue from EV Charging Stations
Generating revenue from EV charging stations can be a viable business opportunity for charging station operators. Here are some ways that revenue can be generated from EV charging stations:
Charging fees
One of the primary ways to generate revenue from EV charging stations is to charge a fee for the use of the charging stations. The charging fee can be based on the time or amount of energy used to charge the EVs.
Advertising
EV charging stations can be used as a platform for advertising, as they provide a captive audience of EV drivers who are spending time at the charging stations. Advertising can be placed on the charging stations themselves, or in the surrounding area, such as on billboards or digital screens.
Subscription plans
Charging station operators can offer subscription plans for regular users of the charging stations. These plans can provide discounted charging fees or other benefits to subscribers, such as priority access to the charging stations.
Partnership with businesses
One of the primary ways to generate revenue from EV charging stations is to charge a fee for the use of the charging stations. The charging fee can be based on the time or amount of energy used to charge the EVs.
Overall, there are several ways to generate revenue from EV charging stations, including charging fees, advertising, subscription plans, partnerships with businesses, and demand response programs. The specific revenue generation strategies will depend on the goals of the charging station operator and the needs of the surrounding community.
ROI On EV Charging Stations for Apartment Owners
There are several benefits for apartment owners to have EV charging stations installed on their property. Here are some key factors that can affect the ROI for EV charging stations for apartment owners:
Attracting and retaining tenants
Installing EV charging stations can help attract and retain tenants who own electric vehicles. EV ownership is increasing, and tenants are increasingly looking for properties that offer EV charging facilities. By providing EV charging stations, apartment owners can offer a competitive advantage to their property and appeal to a growing demographic of tenants.
Increased property value
Installing EV charging stations can increase the value of the apartment building by providing a desirable and valuable amenity. This can increase the property’s attractiveness to potential buyers and investors.
Additional revenue
EV charging stations can provide an additional source of revenue for apartment owners. Charging fees can be charged to tenants or visitors who use the charging stations, and these fees can offset the cost of installing and maintaining the charging stations.
Environmental benefits
Supporting the adoption of electric vehicles can have environmental benefits, which can contribute to a positive public image for the apartment owner and the property. EVs produce fewer greenhouse gas emissions than gasoline-powered vehicles, and by providing EV charging stations, apartment owners can support a sustainable transportation system.
Overall, the ROI for EV charging stations for apartment owners can be positive if EV charging stations installed on their property, including attracting and retaining tenants, increasing property value, providing additional revenue, supporting environmental sustainability, and complying with regulations.