The transportation sector is changing like never before, and electric vehicles are the foundation of this change. According to the International Energy Agency’s 2024 Global EV Outlook:
"EV sales in the U.S. are set to grow by 20% this year alone." Yes, My Friend, you read that right!
This isn't a temporary trend but an important change established by government support. By 2030, over half of all new vehicles sold in the U.S. are expected to be electric.
But despite this growing demand, a challenge remains: access to EV charging stations. This is where parking facility owners have a unique opportunity. By installing EV chargers, you’re not only addressing this infrastructure gap but also:
· Attracting more customers
· Increasing your revenue
· Preparing your business for the future.
EV charging stations are a mindful investment that will help your business beat the competition and get benefit from the growing demand for electric vehicles.
EV drivers are continuously on the search for places to plug in their vehicles. By providing EV charging stations, you can attract a new group of consumers who will give top priority to your location as compared to competitors who don't have charging facilities.
EV drivers tend to stay longer because charging takes time, and that time and again translates into increased spending, primarily in retail and hospitality spaces. Whether they are shopping or dining, customers who can charge while they park are more possibly to choose and return your facility.
Once your facility comprises EV chargers, it can be listed on EV charging maps and apps like Google Maps. These platforms help drivers locate charging stations in real time and provide valuable publicity to your business. Being on the EV "grid" optimizes your location's visibility and look that makes it a destination for EV owners who might otherwise drive past.
Even if your present customer base isn't made up of mostly EV drivers now, that's changing at a very high speed. Many urban and suburban EV owners don't have access to home chargers, mainly apartment dwellers and condo residents. Your parking facility can become an important part of their charging routine.
By installing EV chargers, you are not only optimizing your facility's amenities but also establishing loyalty among customers who admire the convenience and reliability of charging where they already park.
Empty parking spaces don't just display lost opportunity they actively give rise to expense in form of maintenance and unrealized revenue. EV chargers help attract traffic to underutilized areas of your lot, specifically during high demand hours.
EV drivers many choose your lot particularly to top off their battery, even if nearby businesses are closed. That signifies your chargers can generate usage and income beyond conventional business hours.
Installing EV chargers doesn't just bring in more cars - it brings in more money. You can charge customers per kWh, per minute, or a flat fee for EV charging. Many facilities choose tiered models - providing complimentary or discounted charging to paying parking customer and charging a subscription to non-parking users.
Integrated payment solutions make it very easy to gather parking and charging fees into a single transaction. You can also check loyalty programs and special promotions for repeated customers to reward frequent visits.
Sustainability is top priority. Consumers growingly choose businesses that suits their values, and environmental responsibility is at top on that list. By providing EV charging, you signal that your company is devoted to clean transportation and climate-conscious practices.
This not only enhances your public images but also helps attract environmentally minded tenants, clients or customers - mainly among younger demographics and corporate partners with ESG goals.
EV charging stations are not just a utility, my friend it is a symbol of innovation. By upgrading your facility with charging stations mainly fast charging options like Tesla Superchargers or Level 3 DC fast chargers, you put your business as forward-thinking and flexible to future trends.
You can also integrate advanced features like online reservations, app-based payments, or automatic billing for a smooth customer experience. As EV technology evolves, your facility will already be on the top, staying ahead of competition and avoiding costly future retrofits.
The EV movement is no longer powered only by early adopters or environmental enthusiasts. With growing options in the market, growing affordability, and federal incentives, EVs are becoming common. As adoption increases, so too does the requirement for convenient and accessible charging solutions.
Getting Started: What to Consider Before Installing EV Chargers
Consideration |
Details |
Charger Type
|
- Level 2: Ideal for locations with longer parking durations (e.g., workplaces, apartments) - DC Fast Chargers: Suitable for quick charging needs (e.g., retail, travel stops) |
Location
|
- Place chargers in visible and easy-to-access spots - Ensure proper traffic flow and prioritize safety |
Power Capacity
|
- Evaluate current electrical infrastructure - Upgrade as needed to support the additional load |
Payment Integration
|
- Choose hardware that supports credit cards, apps, RFID, etc. - Ensure compatibility with existing payment and management systems |
Maintenance & Support
|
- Establish a regular maintenance plan - Choose vendors with reliable support services |
Incentives & Rebates
|
- Research local, state, and federal programs - Take advantage of grants, tax credits, and utility rebates |
The EV revolution is well under way, and parking facility owners who act now will take the benefits. By adding EV charging stations you can:
· Optimize your property's look
· Generate new revenue
· Attract an increasing customer base
· Demonstrate your commitment to sustainability
EV charging is not just a competitive advantage - it's turning into a customer expectation. Place your facility as a leader in this new era of transportation and be part of the solution for a cleaner, smarter, and more connected future.
Hope you have understood the nitty gritty of How to Add Worth to Parking Facilities with EV Parking and Charging. If you want to read more parking-related related keep checking Zal Parking's Blog Page.