Electric Vehicle charging stations are one of the hottest topics in property management and parking today. With the steady growth of electric vehicle (EV) drivers in Canada, EV charging stations are no longer considered a frivolous expense, but instead a major asset and revenue generator for property owners. Canadian businesses looking to install EV charging stations should be aware of these top 10 facts:
- Number of EV Drivers Skyrockets
Over the past decade, EV purchases have steadily increased. In 2017, the number of EV purchases made in Ontario more than doubled, since the year before giving rise to the demand for EV charging stations.
- Growing Commitment to EV Output
Numerous car manufacturers are investing in the future of electric vehicles. The majority of car manufacturers have included EV models in their future specs and have begun the manufacturing process and/or release of these models. Volvo, for instance, has set its sights on releasing only EV or hybrid cars by 2019, making it the first car company to stop selling vehicles that rely on diesel and gas.
Similarly, Mercedes-Benz plans to release electric versions of all its vehicle models by 2022—and, starting in 2021, BMW models will be built on modular platforms capable of accommodating fully electric and plug-in hybrid.
- Provincial Incentives
On January 16, 2018, the Ontario government released the Workplace Electric Vehicle Charging Incentive Program (WEVCIP). Designed to encourage more people to buy EVs by reducing the anxiety they have about where to charge while at work, the program allows building owners and managers to install Level 2 EV stations for their employees, tenants, or visitors, while receiving up to 80% reimbursement (up to a maximum of $7,500 per charging space) from the government. The WEVCIP also lessens the financial burdens owners and managers face with the installation of these EV charging stations.
- Put Your Business on The Map
When businesses install EV charging stations, they become a part of a public, national network. Using their mobile devices, EV drivers can locate available stations. Become an early adopter and you’ll gain loyal EV drivers—a sure way to increase your parking revenue.
- Additional Revenue Stream
The Ontario government has recently allowed for EV charging stations owners to charge a user fee to EV drivers looking to charge their vehicle. This will help cover the cost of installing an EV charging station that isn’t covered by the WEVCIP. In the long run, this user fee can be an additional source of parking revenue for your organization.
- Sustainability & 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 amenity infrastructure, meet your sustainability goals, and earn incremental revenue.
- Attract and Retain Business
Offering EV charging stations is a great way to attract and retain shoppers, visitors, tenants, and employees.
- Flexibility and Control
Cloud-based solutions give businesses the flexibility to set fees (like time-of-day pricing) for charging, and seamlessly automate payment processing, reporting, and user analytics.
- Cost-Savings for EV Installs During New Construction
Studies show that installing EV chargers during new construction rather than as retrofits can save businesses anywhere from $1,550 to $4,000 per spot.
- Supporting EV Space Turnover
Parking space turnover has been a top-of-mind concern for property owners looking to install EV stations. Property managers can use EV charging web portals that enable them to control access to the stations and set pricing policies, such as demand pricing change to encourage turnover.
Precise ParkLink is a proud distributor of ChargePoint EV charging stations. Our ability to supply, plan for, install, and support EV charging stations is unbeatable within the Canadian parking market.
Explore the option of EV charging stations with Precise ParkLink…
About Precise ParkLink
As Canada's largest parking management and equipment provider, Precise ParkLink introduces a new brand "Urban Mobility" representing the connected services required for all modes of transportation which include parking. Urban Mobility is transportation connectivity which include solutions for motorists including parking and electric vehicle charging, transit and transportation systems, and bike share.