From floods and droughts to heat waves, the effects of climate change are now everywhere. The sense of urgency to do something is growing. The Paris Agreement, signed by world leaders in 2015, was a step in the right direction. The binding treaty detailed long-term goals to counter global warming.
One of the critical goals of the Paris Agreement was to reduce global greenhouse gas emissions. By reducing emissions, it will help to reduce global temperature increases. The target is to limit the temperature increase to 2°C or less than 1.5°C. The UK government has taken a strong stance to meet these environmental targets.
The Environment Agency (EA) has committed the UK to reach net zero by 2030. Net zero means reducing emissions and taking carbon out of the atmosphere. The UK will have stopped contributing to climate change by reaching this target. The pressure to meet the 2030 target and build a sustainable future is now on.
EV Public Charging Stations: The Positive Green Solution
What solutions exist to help us reduce the devastating effects of climate change? Using electric vehicles (EVs) is one of the best solutions to help us achieve these targets. Unlike toxic internal combustion engine vehicles (ICE), EVs produce zero tailpipe emissions. This form of clean transportation can help to reduce air pollution.
The Benefits of Public EV Charging Stations
With the rise of EV solutions, there will be a pressing need to install more EV charging infrastructure. This situation is a clear opportunity for fund managers, landowners, and property developers to create a lucrative revenue stream. Luckily, there are many different ways to monetise EV charging.
Commercial EV charging stations on your land or property can allow you to start making a profit in a new green sector. The exciting thing is you don’t need to do much to set it up. Plus, you can earn passive money long-term and boost your profits without spending time and effort.
Economic Benefits
Here are some economic benefits of installing or investing in EV charging stations on your land or property.
Increases The Price Of Your Property
As more people drive EVs, there will be greater demand for properties with EV charging onsite. This demand, which is still rising, will help increase your property's value. It can also help retain tenants who enjoy using the charging facilities instead of moving to another property with no chargers.
Improves Rental Income Opportunities For Property Owners
You might own or rent a commercial property with a car park. You can lease it to EV charging station operators. Setting up EV chargers this way is an excellent way to earn passive income. It’s also easy to set up quickly, without fuss.
Long-Term Leasing Can Increase Footfall
Long-term leasing will be the perfect solution if you want a guaranteed rental income, and you could secure this for between 15-30 years. Knowing you have a regular income can give you peace of mind as a property owner. You can also maximise your profits by increasing the footfall and dwell time at your site.
Creates An Advertising Platform for Landowners
Landowners can benefit from using charging stations as advertising platforms. You can offer advertising space on the charging unit itself. Alternatively, you can work with local businesses and offer them to pay for sponsorship. It is a great way to earn money. You have access to a captive audience when they are charging their EV.
No Investment Needed
Landowners can take advantage of the fully-funded solution, that means you don’t need to invest any of your own capital. All you have to do is host the chargers on your land leaving a charge point operator to take care of the rest. Even more impressive is that you don’t have to spend any time managing or maintaining them. Add that to a guaranteed index-linked revenue from the chargers you will be getting and it really is a no-brainer.
Environmental Benefits
Apart from these economic benefits, EV charging stations also bring you many environmental benefits.
Can Help to Reduce the Carbon Footprint
You are helping to keep the carbon footprint as low as possible by providing the right EV charging solution for EV drivers. Many companies can reduce carbon emissions by changing how they use and view transportation. Using EV transport and charging stations will make a substantial positive impact.
Satisfying Customers Needs For Sustainability
Over time, more people will become concerned about the environment, and sustainability will determine how people live and act. This trend has started, as recent research shows 72% of consumers already consider sustainability when purchasing. Your EV charging site can satisfy these needs for EV drivers.
Pushing Sustainable Urban Development
By installing EV charging stations, you can also help to promote sustainable urban development. By encouraging the use of EVs, cities can reduce traffic congestion, improve transportation systems, and create healthier urban environments. It can all help to improve the quality of life of the residents.
The Growth of EVs Means More Charging Stations
More and more people are looking to buy EVs as the UK moves into a more sustainable future. You only have to take a quick look at recent statistics for car registrations to see this trend. Recent statistics from car registrations in 2023 have raised some interesting facts:- Diesel is arguably the worst pollutant from a combustion engine vehicle, and compared to last year, we are seeing an 18% reduction in the registration of new diesel vehicles.
- Petrol vehicle registration has increased slightly, but when grouped with diesel, there is an overall reduction in numbers compared to greener options.
- Hybrid and full battery electric vehicle registrations are increasing significantly, showing double-digit growth.
- Mild hybrid electric vehicles (MHEV) have a 25% increase in registrations, and plug-in hybrids have increased by 13%.
- Standard hybrid EVs (HEV) and battery electric vehicles (BEV) have increased by 28.8% and 31.1%, respectively.
The Evolving Role of Public EV Charging Stations
As you can see from the statistics above, the EV industry is moving from early adopters of EVs into mass adoption. The evolving role of EV charging infrastructure will give EV drivers the different charging options they need. You can benefit financially from this trend by installing EV charging on your land or property.
Removing Barriers to Entry
It’s also essential that commercial EV charging stations are non-discriminatory. This strategy will allow more people to transition to EVs easily without barriers. Companies, including SMS, are also taking steps to show how optimised electricity tariffs can help influence the adoption of flexible green technology.
Working with The Right EV Charging Installer
Whatever criteria you choose to help inform the installation of EV charging on your land or property. It’s essential to recognise that installing the wrong charger could negatively affect your finances. Consulting with expert EV charging installers will provide the best solution to help you maximise the potential profits for your site.
EV Charging to Generate Income and Support Sustainability
Are you ready to embrace the electric revolution and start to earn from future transportation? Commercial EV charging stations can support a sustainable future and generate passive income. If you are a fund manager, landowner, or property developer, get in touch now to find out how it can financially benefit you.