6 Reasons Why Property Managers Should Invest in Electric Vehicle Charging Stations
Charging the future with smart EV chargers.
2.5 min read
Canada's quest towards a more sustainable future is underway, with electric vehicles growing in demand amongst its citizens. With this comes the need for a comprehensive charging station infrastructure that alleviates Canadians' concerns regarding where they can charge their vehicles. This is where your organization comes in. Integrating smart EV chargers into your parking infrastructure will keep your facility top of mind, all while helping you do your part to meet and exceed future parking goals.
Need convincing? Here are six reasons why property owners and managers should invest in electric vehicle charging stations.
1. Canada is Going Green!
Did you know that the federal government is on track to reach 100% zero-emission sales by 2040? EV output has steadily increased to meet this goal, influencing organizations to transition their parking infrastructure to create a more sustainable future. Electric vehicle charging stations will help your facility do just that.
2. Tap into Government Incentives
To help your organization make the EV switch, the federal government has created several monetary incentive programs that encourage organizations to invest in electric vehicle charging stations for their facilities. This includes the Zero Emission Vehicle Infrastructure Program (ZEVIP) and Electric Vehicle and Alternative Fuel Infrastructure Deployment Initiative (EVAFIDI). These incentives are available to multi-family, workplace, public sites, fleet and municipalities across the country through a budget of $130 million over five years.
3. Gather Measurable Results
Smart EV chargers give you a detailed insight into your user behaviour. They provide your business with measurable results using dashboard analytics, giving your organization the ultimate intel into how your investment is working for you. Reports offer detailed information about station utilization and energy use, making it simple to plan for ongoing investments and growth.
4. Boost Your Parking Revenue
Not only will investing in EV chargers keep your facility top of mind, but it will also create an additional revenue stream. In Canada, possible billing methods for charging electric vehicles include flat fees and time-based billing. This will help cover the cost of installing an EV charging station that isn't covered by any incentivized programs. In turn, this user fee can be an additional source of parking revenue for your organization in the long run.
Suppose your organization decides to provide EV charging free of charge to your visitors, but your facility has an existing paid parking program in place. In that case, the additional services will draw customers to your facility, thus organically increasing parking revenue.
5. Become Sustainable & Gain LEED Points
Installing an EV charging station can earn your business LEED points with Canada's Green Building Council – helping you stand out from the competition, improve your infrastructure, meet sustainability goals, and make incremental revenue.
6. Put Your Business on the Map
Installing EV charging stations into your parking infrastructure will allow you to become a part of a connected GPS network that helps attract visitors to your parking facility. EV drivers can locate your lot and available stations quickly through their mobile devices. Become an early adopter, and you'll gain loyal EV drivers—a sure way to increase your parking revenue.
This is only one step in a long journey towards change. Continue to do your part to ensure that you are leading a more environmentally conscious lifestyle, in whichever way that you can. The future of our planet is in our hands.
References
Canada, N. (2020, December 11). Government of Canada. Retrieved February 17, 2021, from https://www.nrcan.gc.ca/energy-efficiency/energy-efficiency-transportation/zero-emission-vehicle-infrastructure-program/21876
Canada, N. (2020, August 20). Government of Canada. Retrieved February 17, 2021, from https://www.nrcan.gc.ca/energy-efficiency/energy-efficiency-transportation/electric-alternative-fuel-infras/electric-vehicle-alternative-fue/how-apply/20204