EV Charging

What are the benefits of investing in commercial EV chargers?

Did you know that the city of Vancouver has proposed a 10,000 annual fee for gas stations and parking lots that don’t have EV chargers, starting in 2025?

Many business owners consider adding EV charging facilities to their properties as the EV wave arrives. So, what are the benefits of having commercial chargers?

1. Attract more customers

Imagine this – you own a small motel. if your competitor across the street just installed an EV charger, who will win more customers? EV drivers are more likely to choose theirs, paying just a few bucks more to get their vehicle charged! It also helps to increase customer satisfaction and reputation by going green!

2. Increase property value

Even if you are selling your property – you will get more money when there are EV chargers! Investors and realtors are considering EV facilities when evaluating the property value!

3. ROI in 5 years – and even shorter with the Carbon Credit program!

Let us do the math for you – If you set your fee at $3/hour/car, you will earn more than $10,000 in revenue per year, per charger. With the installation cost of $30,000~$60,000, the ROI is in 5 years! Now, you also have BC Hydro’s $5000 rebate (limited time) and carbon credit program for commercial chargers (contact us for details).