The business benefits of installing EV charge points
Stay ahead of the curve and improve your bottom line...
5 reasons why your business should consider installing EV charge points
Electric vehicles (EVs) have become increasingly popular due to the growing concern for the environment and the need to reduce carbon emissions. As a result, the demand for EV charge points has also increased. There are currently 43,500 public charge points in the UK, and businesses are beginning to see the potential benefits of installing EV chargers at their premises.
By doing so, businesses can support the UK’s EV infrastructure growth and take advantage of the numerous financial, environmental, and social advantages:
Attract and retain customers
Firstly, installing charge points can attract and retain customers, as those driving EVs are more likely to visit and stay longer at businesses that provide EV charging than those who don’t.
Once installed, your business is quite literally put on the map. You’ll be added to EV smartphone apps that highlight nearby charge points. This results in increased awareness about your brand and develops more loyal, returning customers.
Additionally, customers are increasingly aware of the implications of climate change and are consciously choosing greener options. Therefore, positive action as a business is favourable from a consumer point of view.
EV charge points can create an additional source of income for your business if you charge customers for the electricity they use. You can set the rate for your customers and generate profit over the coming months and years. Monetising charge points can also help businesses offset the initial purchase price of charger hardware and installation.
Improve employee satisfaction
Having an EV infrastructure in place demonstrates a proactive and innovative approach to workplace culture, which can improve employee satisfaction. Staff members that own EVs (or have an EV company car) will appreciate having charge points installed at their place of work, providing convenience, and eliminating range anxiety. Happier, more productive employees lead to a higher employee retention rate and improve the company’s reputation.
If you have the capacity, you could consider installing EV charge points at employee’s homes. This would allow them to charge around their lifestyle at their convenience and take advantage of cheaper energy rates (if they have an off-peak electricity tariff).
Reduce carbon footprint
The most obvious benefit to installing charge points at your business is a reduced carbon footprint and increased sustainability. Exhibiting corporate social responsibility has become an expectation for consumers, and installing charge points sends a clear message to both customers and employees about the business’s stance on sustainability.
This results in an improved company reputation and attracts more customers, providing your business with a platform to achieve growth and have an edge on the market.
Futureproof your business
As we navigate towards an electric future and phase out petrol and diesel vehicles, businesses must prepare for the expansion of the EV market. The UK Government is banning the sale of petrol and diesel vehicles after 2030, applying increasing pressure on businesses to transition to EVs. By investing in EV charge points early, your business can stay ahead of the curve and improve it’s bottom line.
2030 seems a long way away, but employing EV infrastructure takes considerable time to plan. In the near future, there will be an increased demand for charge points and installers, so it’s best to avoid the rush and potential additional expenses, if possible.
Radius Charge are here to support your business
As electric vehicles become more popular, providing charge points will become a necessity for businesses. By investing in EV charge points early, your company can stay ahead of the curve and improve its bottom line, while contributing to a more sustainable environment.
If you’re thinking about installing EV charge points at your business, the Radius Charge team are here to support you through the journey, from selecting the best charger for you, to installation and troubleshooting. Contact us today for a complimentary consultation.