EVC Solutions for Commercial Properties: Commercial properties, such as malls, hotels, restaurants, cinemas, and offices, are places where people visit frequently for various purposes, such as shopping, dining, entertainment, and work. These places can also serve as potential locations for installing electric vehicle (EV) charging systems, which can offer several benefits for both the property owners and the EV users. Some of these benefits are:
Enhanced customer satisfaction and loyalty:Installing EV charging systems can generate additional income for the property owners, as they can charge fees for the electricity or the parking space used by the EV users. They can also attract more customers, especially those who own or are interested in EVs, and increase their spending on other products and services offered by the property. According to a report by [EY], the EV charging market in India is expected to grow at a compound annual growth rate (CAGR) of 34% from 2020 to 2030, reaching a value of $1.9 billion. This indicates a huge potential for the property owners to tap into this emerging market and increase their revenue and profitability.
Reduced operational costs and carbon footprint:Providing EV charging facilities can improve the customer satisfaction and loyalty, as they can enjoy the convenience and cost savings of charging their vehicles while visiting the property. This can also create a positive impression and reputation for the property, as it shows the commitment to environmental sustainability and social responsibility. According to a survey by [PlugInIndia], 76% of EV owners in India said that having charging facilities at the places they visit would make them more likely to visit again.
Reduced operational costs and carbon footprint:Installing EV charging systems can reduce the operational costs and carbon footprint of the property, as they can use renewable energy sources, such as solar panels or wind turbines, to power the charging stations. This can also help the property to comply with the regulatory norms and standards for emission reduction and energy efficiency. According to a report by [BloombergNEF], the levelized cost of electricity (LCOE) from solar PV in India is 14% lower than that from coal-fired power plants.
Therefore, installing EV charging systems at commercial properties can be a win-win situation for both the property owners and the EV users, as they can enjoy the multiple benefits of convenience, cost savings, environmental protection, and social responsibility. This can also help to accelerate the adoption and growth of EVs in India, which can contribute to the national goals of energy security, economic development, and climate action.