Here’s Why Every Property Manager Should Be Installing EV Chargers
According to S&P Global, the US electric vehicles market is expected to reach 6.9 million unit sales by 2025. But if you own any property that sees regular visitors, you don’t need to wait four years to experience all the benefits of owning an EV charging station.
The country might have started the transition to battery-powered electric vehicles (BEVs) a little late, but the revolution is certainly here to stay. It seems like each quarter, a new national forecast has Americans buying more and more electric cars. And with over 90% of car manufacturers pledging to go fully-electric within 15 years, those numbers will likely increase even more.
What does that mean for property owners?
It means now is the best time to start offering EV charging at your location.
Retail Property Benefits
Whether you own a large franchise restaurant, local coffee shop or boutique store studies have shown that customers spend more time (and more money) at retail locations that offer EV charging.
It makes sense. The most common charger in the country right now is a Level 2 charger, which could take about 2 hours to fully charge a battery. Why not spend more time browsing a store if every minute adds some range to your battery?
EV chargers also attract new customers to any given location simply by offering charging – a benefit that can give you a competitive edge today, more than it can 10 years down the line when more properties offer charging. The faster you upgrade your parking lot, the faster you can attract new customers to your property.
Multifamily Property Benefits
The more affordable electric cars get, the more you’ll see them at apartment complexes and other multifamily properties.
This gives property managers the option to A) offer free charging as an important apartment amenity or B) offer low cost EV charging and turn parking spaces into revenue generators. If managers choose to offer free charging, they’ll certainly attract more tenants as this service becomes more necessary. If they choose to have tenants pay for charging, they may still attract new tenants who desire this amenity, while increasing the property’s yearly revenue.
Some states already require EV chargers to be installed in multifamily locations. Waiting much longer might take away a property manager’s edge in finding high-quality tenants. When you can get Loop chargers installed for as little as $0 out-of-pocket there’s no reason to wait on upgrading a property.
Corporate Office & Small Business Benefits
Small business and mega-corporation property managers have a lot of incentives to install EV chargers today.
One of the most important reasons is to attract and retain tenants. In the United States, new and growing companies are more likely to be committed to green energy and environmental protection. With EV charging available to employees, a company can achieve LEED Certification from the United States Green Building Council – a certification that more and more companies are seeking.
As with any property, installing EV chargers also helps increase the property’s revenue. Loop’s turn-key service offers office managers a virtually maintenance-free way to bring in extra money year after year.
Installing EV Chargers Is More Affordable Now, Than It Will Be In The Future
That might sound counter-intuitive but due to the recent national effort to transition to renewable energy there are federal and state rebates that might not exist in a few years. In today’s booming industry. Loop’s unique payment structure allows property owners to install EV chargers for as little as $0 out-of-pocket.
So while companies like Loop can offer this value today, it’s far from a certainty these rebates will last forever. The benefits of creating a competitive edge will likely diminish as more and more property owners try to meet an ever-increasing demand.
The World Needs Clean Energy Now More Than Ever
Carbon levels today are at their highest levels since recording the measurements began in 1963. Every country, company, state, and individual needs to start doing their part to ensure a safe, clean planet for the generations that follow us. Our goal here at Loop is to make EV charging accessible and affordable to personal and industrial drivers across the globe.
The only way to do that is by optimizing the entire EV charging infrastructure. By offering your tenants and customers high-efficiency EV charging, you’re directly helping the transition to renewable energy, and you’re doing so without spending a dime of your own money.
Why Upgrade Your Property with Loop?
As one of the fastest-growing EV charging networks in America, Loop offers unrivaled value and exclusive features for every property manager.
- Install state-of-the art chargers for as little as $0 out of pocket.
- No monthly service fees: instead pay a small portion of charger-generated revenue. Your station will be cash-flow positive at all times.
- Remote management and maintenance keeps your station running 24/7
- Energy optimization and responsible load management
- World class end user experience with 24/7 support and user-friendly mobile app.
- Full Loop warranty with labor and warranty support.
EV Charging Resources: Learn More About Loop
Are you interested in installing an EV charging station at your property? Speak with our team at 1-888-EVLoop1 or visit our website at www.evloop.io
You can also learn more about “Loop as a Service” and what we can do for your property HERE.
Do you know someone who might be interested in installing an EV charging station? Share this blog using the links below!
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