Green transportation is essential for the future. Electric vehicle adoption across the globe is accelerating, and ensuring this EV adoption growth requires reliable EV charging infrastructure to be developed quickly.
With the help of leading EV charger manufacturers in India, spreading awareness of the numerous advantages of EV charging stations for businesses is a top priority. The goal is to support EV infrastructure in an emerging market like India.
Without further ado, let's get to the advantages of installing EV charging stations for businesses:
Contribute To EV Infrastructure Development.
Businesses with charging stations can draw in local EV users. Additionally, it advances the objective of establishing a vast and well-reached EV charging infrastructure. Because it will increase the motivation and profitability of EV-charging enterprises. Last but not least, EV charging manufacturers offer continuing assistance with installing and upkeep charging stations so you can leverage business revenues without any difficulties.
Encourage Company Employees To EV Adoption
A working professional spends a significant duration of time at work. When companies install electric vehicle charging station facilities in business locations, it can aid in attracting employees with a similar passion for sustainability and technical growth. Because of the ease you provide, it essentially adds more stars to your company and encourages your employees to stay with you longer. Most of the employees don't have access to an EV charging station at their residence, so it saves them time going there and back.
Tax-Exempt Status
In response to the Ministry of Finance's notification, the GST rate for electric vehicles has been reduced to 5%. The government additionally allows a 1.5 lakh income tax deduction for the interest incurred on loans used to buy electric vehicles. This results in an offset of around Rs. 2.5 lakh throughout the loan.
The Indian council also decided to lower the GST rate on electric vehicle (EV) chargers and stations for charging to 5% to make EV infrastructure more widely available.
Business Goodwill
Incorporating EV charging stations into your company's sustainability policy will be a great step. By putting in charging stations, you can demonstrate to your staff and clients that you care about the environment and are doing your part to lower the carbon footprints. With the extra benefits mentioned in this blog, it improves the goodwill and image of your company.
Boost Your Company's Sales Of Products And Services.
Installing EV charging stations compels customers to stay longer, which enables your business to sell more. This is effective in places such as malls, auto stores, and highway snack stations. The sales, as well as business profitability, will increase because of EV installation in certain locations.
Five Businesses that Could Profit from the EV Charging Station Industry
Let's look at some companies that could benefit from EV charging!
A Restaurant Or A Cafe
The typical dining time for visitors is between 30 and 90 minutes for breakfast or dinner. If the location has a rapid charging station for both AC and DC, it will be very practical for them. They may charge their electric vehicle while having fun at the restaurant or cafe. Due to the abundance of additional food orders that restaurants may accept while EV owners are sitting idle, this ultimately increases their revenue. With more people walking by, this helps to improve billing.
Business Parks
All parties involved in corporate parks benefit from an EV charging station. In these commercials, employees who work for the companies use their downtime to charge their electric cars.
Customers can gain by visiting such corporations for meetings and leaving with a positive attitude. Companies will consequently begin searching for business parks with EV infrastructure. Therefore, it is advantageous to construct an EV charging station.
Retail Stores And Multiplexes
Mall and multiplex visitors can gain from shopping or watching movies. They are continually drawn to these locations because of the EV infrastructure. They are not required to spend time charging their autos specifically. Visitors may stay a little longer until their electric vehicles are fully charged, increasing their spending.
Additionally, EV users frequently use EV applications to find nearby charging stations. This may put shopping centres and multiplex cinemas on the map of potential uses. While saving time, EV owners frequently buy or spend money in these locations, which benefits the local economy.
Thus, installing electric vehicle charging stations there can increase foot traffic and boost sales.
Gas Stations
The popularity of electric vehicles will eventually match that of fuel-powered vehicles. Fuel stations must begin developing EV infrastructure alongside existing infrastructure to retain and increase foot traffic and be ready for the future of transportation.
Resorts and Hotels
At least one or two nights visitors spend in a hotel or resort. They need EV charging to make the journey around and return. Customers profit more while staying at resorts and hotels with EV charging stations. They may also offer EV charging stations as a free service or charge a small fee. In either case, it is advantageous to them financially and socially.
It demonstrates its commitment to sustainability while going above and above to give its inhabitants greater facilities.
Conclusion
Instead of taking extra time to charge their cars, EV drivers typically try their best to do so while travelling. As a result, locations having EV infrastructure are given far more weight than those without.
The benefits of EVs in terms of the environment and economy are well known. We are now aware of the additional potential that will result from improving the EV infrastructure.
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