A high potential Electric vehicle charging station business in India
Hello people. This article is about the high potential charging station business in India.
Global Scenario
Worldwide, drivers are shifting to electric vehicles at a fast pace. Entrepreneurs and businessmen have an opportunity to use this development to create a differentiation over competition and make good profits.
As EV adoption increases people will decide where they eat, shop, and park based on the availability of charging stations thus creating more business opportunities.
EV charging businesses can also benefit from the tax cuts and reduced operational costs. State/Central Governments are also providing Income tax benefits to employees using Electric Vehicles.
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What is an EV Ready Apartment?
An EV-ready apartment provides consumers with safe access to a dedicated 240V power supply for the faster Level 2 EV charging. Pre-wiring new homes for EV charging during construction can save a lot of money later.
EV Ready Buildings Can Increase Resale Value of Commercial Properties
Offices, commercial building managers, property owners and builders should think of adding EV chargers to their properties.
Adding EV charging properties can increase the value upon resale. Not only are you selling a building with steady, consistent tenants, but you’re providing a coveted amenity for this demographic. If you couple EV charging stations with solar panels to feed them energy, you can reduce the overall net operating costs of your building.
Metered Billing
Metered billing means drivers pay for the amount of charge they need. It can be calculated by parking time, energy use or charging time. Paying by energy use may work best if you live in an area with high electric costs or smart metering that bills you different electric rates based on peak usage times.
Metering by charging or parking time, however, can keep your payment structure simple and straightforward for customers. They will see the value because they are only paying for the power they receive or the time they spend at your charging station.
This model also works for retail locations like kirana shops etc, where drivers come and go and you’re servicing a steady stream of different customers each day rather than recurring visitors.
Once EV drivers stop to charge, there is also cross-selling opportunity for add-on products and services. For example, a techie recharging his car during a lunch break might look for getting snacks for the team. If you install charging stations at crowdy areas, EV drivers will spend more time at your location.
So, providing smart EV charging services to the customers would be an easy way to increase footfall and your business.
Hope this article on the high potential electric vehicle charging station business in India is useful to you. To know about the types of charging stations in India, please visit https://iwheels.co/blog/types-of-electric-vehicle-charging-in-india/