There are numerous of advantages when investing in commercial EV (Electric Vehicle) charging stations.
For the past few years, the EV industry has made staggering leaps by capturing the attention of newcomers to the auto market. The demand for electric vehicles has increased year-over-year, with no signs of decreasing.
Even though an electric vehicle can go up to 200 miles without a charge, it is not surprising to find owners monitoring the range of travel and energy consumption rate. A feeling that is constant; who would want to be left stranded on the road.
If you live in a large metropolitan city, chances are a few grocery stores, businesses, and shopping malls have begun to incorporate EV charging stations into their parking lots.
Top Five Benefits of Investing in EV Charging Stations
- Attract customers
It provides a free benefit and convenience to attract paying customers. - Brand awareness
Excellent avenue for expanding brand recognition. - Collect and sell carbon credits
Businesses can gain and sell carbon credits to corporations.
What is a carbon credit? A carbon credit is a permit representing 1 ton of carbon dioxide withdrawn from the atmosphere. Like Tesla, Large corporations can purchase carbon credits to offset their greenhouse gas emissions footprint. - Adopt or increase sustainability goals
EV charging stations are a great avenue to help businesses adopt or increase green sustainable goals. - Tax credits
Businesses and owners can gain tax credits for investing in the installation of EV charging stations.
EV Charging Station Rebates
Businesses can enjoy additional benefits in the form of rebates. In the state of Texas, utility providers and certain government agencies have allocated special rebates if certain criteria is met. The most common, focuses on the type of commercial charging station that’s installed. In certain states, applicants that install Level-1 and Level-2 EV charging stations may receive up to $4,000 and $10,000 for installing a direct current fast charging (DCFC) station.
A current list of incentives and rebates can be found on The U.S Department of Energy website under the Electricity Laws and Incentives in Texas. The list is updated frequently.
The type of rebates found for commercial EV charging stations may vary from state-to-state in addition to the set of requirements. For more information about planning, design, and installation of EV Charging Stations, please click on more info.
