Companies Installing Ev Charging Stations – Thinking about installing a commercial EV charging station? There’s no better time to do it: According to the Edison Electric Institute, more than 18 million electric vehicles will be on the road in the United States by 2030. And these EVs need about 9.6 million charging ports.
Installing EV sites now will set your business ahead of your competition with many benefits and value creation opportunities. However, installing EV chargers on site is a complex task – your organization can use a strategic partner like Future Energy to guide you through the process.
Companies Installing Ev Charging Stations
There are three different types of electric chargers available – level one, level two and level three. Each type has different costs and recharge capabilities. But businesses often opt for secondary chargers that offer the perfect balance between price and charging speed.
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Level One: As a home charger, a level one charger costs about $600 and uses a special 120-volt circuit. With this charging station, the driver can fully charge his car at home within 24-40 hours.
Level Two: The most common commercial EV charging station, level two chargers have two ports that operate on 240-volt circuits. Level two chargers cost $7,200 and take 8-10 hours to fully charge a car.
Step Three: Otherwise known as direct current (DC) fast chargers, these powerful industrial stations use 480 volts of direct current to charge a car in about an hour. Hardware fees and infrastructure upgrades make DC fast chargers very expensive, at around $50,000.
Choosing the right EV chargers for your business is critical. Future Energy has partnered with ChargePoint, the world’s leading electric vehicle charging station, to create the next step in EV mobility solutions for businesses. ChargeParc™ is a complete charging station that combines mainstream chargers with ChargePoint’s unique and intelligent software and Future Energy interface.
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The interface maximizes value from data collection and management. Connects non-EV charging stations to smart devices and systems on your property. And it displays data from both environments in a single visual dashboard for clear data monitoring.
An interface can support multiple use cases. For example, its resource analysis and control features proactively alert you when you’re approaching peak load demand, helping you save on energy costs.
Installing a commercial electric charging station requires coordinating multiple contractors, understanding utility company requirements, and identifying available tax credits and incentives to reduce costs. That’s why working with an experienced partner like Future Energy can help streamline the process and ultimately save you money.
Installing commercial electric charging stations begins with a boardroom discussion about your company’s goals and expectations. Future Energy Label executives will then join your team for a site review, which will include:
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Infrastructure analysis is done before installation. At this stage, future energy account managers work with electrical contractors to design a line diagram, a one-page document that shows the electrical distribution for your site.
Additionally, account managers may work with contractors to complete other infrastructure requirements such as drilling holes, pouring concrete, trenching, and landscaping.
Then comes the utility assessment. Future Energy helps your business identify and receive grants that can cover up to 90% of the construction costs for your EV charging stations. These incentives include federal tax credits, state and local credits, and utility company rebates.
Available incentives vary widely by state and local jurisdiction, as well as by utility company. Having an environmentally conscious partner like Future Energy is key to getting all the available funds.
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There are several factors that go into setting up the right EV charging solution for a particular location. A type of EV charger—the second or third tier in a commercial environment—is a device. In addition, the area should have a safe, well-lit, convenient place for drivers to charge. All these elements come together to create a final proposal detailing the solution Future Energy can provide to your business.
To get all the incentives available for an electric car charging station, your business must prepare the necessary documents to finance the project. This filing may include filing with the Environmental Protection Agency, state and local governments, or a utility company.
Once approved, it’s time to plan the project and order the necessary materials. On site, engineers complete the infrastructure work: laying pipes, pipelines and electrical wiring as needed.
At that time, contractors will install light poles and other facilities, install security cameras and complete all additional construction in and around the charger. In addition, the software deployment team at Future Energy installs all the necessary routers and other equipment to communicate with all of your property’s smart devices and systems.
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Then the team trains on the interface. The team will show you how to use the interface to optimize your business’ energy management and support other use cases. Finally, the application process will take place and you will submit the final documents.
Installing a commercial electric charging station can be complicated if you try to operate it yourself. Future Energy offers a concierge-style service that guides you every step of the way from start to finish. At Future Energy, you hire just one company to coordinate all contractors, organize and submit the appropriate paperwork, and monitor utilities. Learn how Future Energy can help your company in the process.
Sam DiNello is CEO of Future Energy. He is an EV infrastructure expert and loves innovative data-driven solutions that help companies get real-time information for real-time action.
EV usage is on the rise and your hotel can generate revenue by using EV charging solutions for guests. Future Energy explains the ins and outs of charging electricity for your hotel and the potential benefits.
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If you’re seeing more and more electric cars on your daily commute, you’re not alone. Sales of battery electric vehicles rose to 196,788 units in the second quarter of 2022, setting another record, with overall new vehicle sales down 20 percent.
The share of electric vehicles in the US increased to 5.6% in the second quarter of 2021, compared to 2.7% in the second quarter of 2021. Automakers are launching new EVs with longer ranges, advanced technology and zero emissions.
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According to the PEW Research Center, 42% of Americans said they would consider buying an electric car. The survey was conducted before the passage of a historic climate bill that provided new incentives to buy EVs. What is more interesting is the distribution by age groups.
Moreover, more than half of them live in the city. It is true that most EV owners pay at night, and more and more people live in cities. According to a new Harvard study, overall rental vacancies are at their lowest level since the mid-1980s.
Younger generations are more likely to be renters, and many apartment buildings still don’t have electric charging stations installed. Almost 50% are under 30 years old, 10% are over 65 years old.
It is estimated that by 2030, the majority of vehicles on the road will be electric vehicles. But the most common reason Americans (58%) say they won’t buy an EV is because they fear it won’t give them enough range.
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While much work has been done to address this threat, there is an opportunity for business to be involved in the future of transportation (and more profitably).
The Biden administration has committed $5 billion over the next five years through the NEVI program to build a national network of electric charging stations.
Automakers like Tesla are building their own supercharging networks to give their drivers the freedom to go anywhere. Meanwhile, many people in the above category (young drivers looking to buy an EV) are looking for more comfortable options in their daily commute.
For business owners, this provides an opportunity. For those who don’t own a business but still want to be involved, there are ways to invest in EV charging stations.
How Much Do Ev Charging Stations Cost?
You can install chargers at your business to give EV drivers more options. This can be taken into account, especially if customers stay for a long time. For example, a quick stop (less than five minutes) is not worth it, but it is
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