What is EV Charging as a Service? You may have heard of or are familiar with “as a Service” business models, such as Lighting as a Service or Energy as a Service. Electric vehicle (EV) charging is no different, it just involves commercial electric vehicle charging stations.
With EV charging as a service you pay a monthly subscription fee and avoid paying all the upfront costs of equipment, installation, and permitting. You receive a turnkey EV charging solution. Learn more about EV charging by checking out our “Ultimate Guide to Electrifying a Commercial EV Future” here.
EV charging as a service is also known as charging as a service CaaS.
If you choose to partner with U.S. Energy Recovery as your EV charging company, you may consider charging employees or the public to use your charging stations. These charging fees could cover the cost of your subscription fee. Depending on how robust your EV charging station system is you could even see positive cash flow!
Who might want charging as a service?
Commercial businesses, such as multi-family units and office buildings, should consider including EV charging stations for their clients, employees, or residents. At the same time, larger facilities, such as distribution centers, factories, or manufacturing plants would also find EV charging as a service useful and beneficial.
Other commercial entities that would immensely benefit from participating in a charging as a service business model include airports, hotels, parking garages, marinas, and retail centers. EV charging is an amenity that attracts business and retains customers.
How can a charging station benefit your business?
An EV charger installed through a charging as a service agreement allows you to attract and retain customers and employees, generate revenue, meet sustainability goals, boost your company’s public image, and put your facility on the map.
- Retain customers and employees: Whether you are looking to recruit talent or increase sales, or both, commercial EV charging stations can help with that.
The U.S. has seen a surge in EV ownership with all research showing no signs of it slowing. Audit and consulting firm, Deloitte, predicts that total global EV sales will grow from 2.5 million in 2020 to 11.2 million in 2025. Deloitte predicts total global EV sales will reach 31.1 million by 2030.
As more of your customers and employees transition to electric vehicles, they will need a place to charge their vehicles outside of their homes. EV drivers are more likely to patronize or work at a business that provides EV charging services.
- Generate revenue: If you’re interested in helping offset the cost of your charging as a service subscription fee you may consider charging EV drivers to use your EV charging stations.
There are several options available for generating fees from EV charging. You could offer employees a certain amount of free charging, then tack on a fee for continued charging. Or you could keep it free for your employees during work hours and open it up for the public charging a fee after hours. Or you could offer your chargers as public charging stations for 24 hours a day and collect the fees generated from that.
Sometimes if you generate enough revenue from charging it could pay off the entire subscription fee and then some, which would result in positive cash flow!
- Meet sustainability goals: Adding EV charging stations to your site or building allows you to decrease your carbon footprint. Oftentimes, EV charging stations can help a facility achieve a green building certification.
- Boost your company’s public image: The modern consumer is more likely to support a socially responsible business than ones that are not interested in sustainability. Having EV charging stations on your site shows consumers you are committed to their preferences and care about the community.
- Put your facility on the map: Once you have your public EV charging stations installed you can choose to include your facility in online databases for places to charge EVs. This helps EV drivers find your location, but also puts your facility on the map. Now your facility can be a destination as opposed to a building that may be easily overlooked.
How do you choose which EV charging company to work with?
As EV adoption has grown in popularity, there has been an increase in the number of EV charging companies that claim they can offer you the best EV charging equipment and installation, but many don’t have the experience or don’t care about your charging needs.
Choosing to work with just any EV charging company is risky given the newer nature of the technology. EV charging infrastructure can be difficult to install due to permitting requirements and the construction process it takes to bring power from the grid to the charging ports.
Ideally, you would want to partner with an EV charging station contractor that not only has the experience to do the job correctly but can also provide you with a product that fits your electrification plans.
We have had dozens of successful commercial EV charging station installations with different types of EV chargers. Unlike other EV charging companies, we don’t just stick to one brand of EV charger. For us, it’s a case-by-case decision, based on what type of charger is ideal for each particular facility. Let us help you be the innovative business you are – electrify today by calling one of our EV specialists: (800) 834-8737.