Why Invest in Electric Vehicle Charging Stations?
By Jack Martell, Renewable Program Manager
Do you have clients, employees, and visitors who drive electric vehicles? Are any of your business vehicles electric or do you plan to add some to your feet?
As electric vehicles become more commonplace, the need for fast and efficient charging solutions has never been higher. This spells opportunity for forward-thinking businesses. By investing in EV chargers for your parking lot or garage your business can add value whether your organization is a retail store or hospitality establishment, manufacturing facility, or a municipality or university campus.
Electric vehicle mobility has grown exponentially over the last few years. According to the Edison Electric Institute (EEI), today there are more than 1.7M electric vehicles (EV) on the road in the US with annual EV sales expected to reach 1.4M by 2025. EEI anticipates 18M will be on the road by 2030. EV drivers will expect to charge their vehicles while in route.
In early August, President Biden took a step towards driving a reduction in greenhouse gas emissions with an executive order aimed at making half of all new vehicles sold in 2030 electric, a move that he made with the backing from some of the largest U.S. automakers. As a result, there is opportunity for businesses to support building a charging station infrastructure.
The tremendous increase in electric vehicle ownership translates to significantly greater demand for more readily available charging stations with an estimated 9.6M charging ports needed to fulfill demand over the next few years.
With the many types of charging stations available today, you will need a knowledgeable partner to provide specific insights on what charging stations and power output are right for your business, and for long-term maintenance and service requirements. This may be an opportunity for you to integrate another element into your sustainability plan. As your Energy Advisor, Freedom Energy Logistics along with our partner EV Box, can help specify and implement the best EV Charging solution to support and achieve your specific needs and requirements.