Why More Business Owners Are Offering Workplace EV Charging
The International Energy Agency predicts that by 2030 the world will have almost 125 million electric vehicles on the road. While there are strong efforts happening globally to expand and develop the growing network of electric vehicle charging stations (EVSE), at present, there are simply not enough stations to support that number of vehicles. Public charging stations will play a big role in helping deliver EVSE to meet the growing needs associated with the electric vehicle boom, but private businesses will also have a huge hand in facilitating a future filled with EV drivers.
More and more business and property owners are seeing the value in installing EVSE sooner rather than later and are jumping in early to reap the benefits. Let’s take a closer look into the benefits of offering on-site EV charging to employees, customers, and/or tenants, as well as some of the specific reasons why businesses are choosing to install EVSE at their locations.
Workplace EV Charging Can Attract Valuable Tenants and Employees
Employees are the heart of a company, and businesses are only as effective and successful as the people running them. With that said, a business or property that offers more value and benefit to prospective renters, leasees, or employees has the potential to attract more qualified people in terms of capability, experience, education, and loyalty. Offering on-site EV charging at a workplace is one way to offer added value to prospective employees or tenants.
Workplace Charging Can Help Address Range Anxiety
We’re all familiar with the scenario of being late, getting in your vehicle, and realizing that you’re low on fuel. On-site EV charging is a way to alleviate this stress. A sought after potential hire might choose to work for a business where they can reliably charge their vehicle during the day over another business that doesn’t offer the option. Or a tenant might choose to reside at a property where EVSE is available so they can wake up knowing their vehicle is charged and ready to go.
Workplace Charging Could Contribute to Employee Retention
Enrich.org reports that it takes an average of 6-9 months to replace an employee. Factoring in the cost of hiring temporary replacements, and interviewing new potential workers, amongst a laundry list of other incidental costs, it is almost always cheaper to keep current employees and tenants rather than find new ones.
Meanwhile, replacing residential tenants can also cost property owner’s money. Property owners who lose a tenant can expect to lose about three month’s worth of rent when someone vacates, plus the cost of each month’s rent that the unit stays empty. Add to that, the costs of paint and repairs to any damages left behind, and the value of keeping a tenant becomes clear.
The onsite availability of EV charging could be the deciding factor in whether an employee or tenant decides to stay or leave. The grass may always seem greener on the other side, but if there’s no EV charging at that new job or apartment complex, the benefit of having a reliable charge everyday may tip the scales in your favor.
Workplace EV Charging Stations Can Demonstrate A Commitment to Sustainability
Offering EVSE at your business or commercial property shows that you’re committed to reducing the carbon footprint at your property, and it shows that you’re forward-thinking and committed to supporting your employees, tenants, and patrons.
Installing EVSE can also help meet shareholder environmental, social, and governance goals and show investors the potential long-term value of your business by demonstrably committing to a future of reduced carbon-emissions and green energy reliance.
Installing Charging Stations Now Can Yield Long-Term Benefits
Beyond showing that your business has invested in a greener future, installing EVSE now can also benefit your property in the long run. Offering charging stations now will get your commercial property plugged into the growing network of app- and web-searchable EV charging stations. Installing sooner rather than later will also allow your business to work out the potential kinks that may come with introducing new technology at a business site. This could help your business establish itself as a reliable charging site, while other late adopters are still trying to figure it out.
Enel X Way Charging Stations Can Provide All These Benefits and More
Enel X Way charging stations provide easy-to-use, fast charging products and solutions. Their versatile installation options are designed to fit easily into various parking footprints and can be scaled up or down to suit the needs of any sized business. Enel X Way charging stations are also easy to install with much of the cost potentially covered by EVSE rebates and incentives.
HiON Distribution is an official US distributor of Enel X Way charging stations and our associates are standing by to answer any questions you may have about bringing EV charging to your commercial property.