Whenever you run a company that is visited by customers who attended to you in their car there are methods to earn more income from their store, and indeed accumulate new clients, by letting them charge their electric vehicles on your site for free.
Electric vehicles and hybrids only account fully for a very small percentage of vehicles on the roads today but the quantity will increase considerably over the following few years as the federal government aims to ban the sale of new petrol and diesel vehicles by 2040. Some MP’s happen to be saying that this is too much time to hold back, and the date must certanly be brought forward to 2030. Whatever happens as regards that, the federal government is encouraging people to invest in electric vehicles by offering grants for the installing EV charging points in your home and in the workplace.
The Office for Low Emission Vehicles is offering what is called the OLEV Grant, specially named the Electric Vehicle Homecharge Scheme (EVHS), that is 500 towards the cost of a charging point artificial intelligence transportation. Additionally, in Scotland you can get up to and including further 300 from the Energy Savings Trust Scotland. So a typical electric car charging points installation costing 999 can be obtained for 199, saving 800. Whenever you run a company, you are able to obtain grants of as much as 10,000 towards the cost of installing charging points.
Whenever you start to think about this from the point of view of a company, there are methods to generate income from it. How many people drive to the supermarket to do their weekly shopping? Quite a few, wouldn’t you say? And if you run a store and install a lot of charging points which customers may use to charge their car free of charge, as opposed to spending money on the electricity by charging at home, where are they likely to do their weekly shopping?
Bearing in mind that right now you can get very large grants for installing EV charging points included with the fact more and more customers are going to be using them, offering free charging will encourage new clients to come quickly to your store as opposed to another.
Then there is another factor. Think about all those drivers who reside in flats or in terraced houses in streets where there are no front gardens? They’ve to park in the street, and you can’t run electric cables throughout the pavement. There is talk of installing charging points in lamp-posts and there are actually a couple of hundred installed in 1 or 2 boroughs, but this would have to be rolled out on a massive scale.
Needless to say, if you are going to offer free charging you have to fund the electricity, and this is determined by the power rating of the charger and the amount of time taken fully to charge. In case a 7kWh top up charger is used for one hour this will give a typical vehicle an additional 25 miles and cost the business enterprise 0.84p at a rate of 12p per kWh. With a 50kWh fast charger the exact same car would add 175 miles in one hour and cost 6.00.
Needless to say, nobody says that you have to offer free charging, although that is one way of doing it. You could offer charging at a nominal rate to cover the cost of the electricity. This way, other than the installation cost, there are no ongoing costs, and yet you still keep the consumer on your own premises for the exact same period of time. That is quite suited to businesses whose customers need or want to charge their vehicle and are willing to pay for something for the service.
Needless to say, there is another model that you can use and that is one where you make a profit on the charging. You’ll attract less customers in this manner, if your customers have limited choice about where they could charge then they’ll still tend to go to your business.
There is even another possibility and that is that some installers and providers of chargers may offer to put in free of charge and operate the chargers on a profit-making basis.
Certainly, it will be many years before most people are driving electric vehicles, but now could be the time and energy to consider how you can benefit.