In a world where electric vehicles (EVs) are gaining increasing popularity, the demand for more accessible EV charging stations is growing. Recognizing the significance of this shift, MAC Electric aims to address the need for enhanced EV charging infrastructure. Our understanding extends to the importance of your investments, whether in your home, building, or business.
Advantages of Investing in EV Charging Stations
The strategic implementation of EV charging infrastructure offers multifaceted benefits that contribute to your property’s long-term success and relevance. Some of these advantages are:
Attracting Stakeholders
EV charging stations can attract customers, tenants, and staff. Offering this amenity can set your property apart and provide a competitive advantage.
Seizing Government Incentives
Staying ahead of the curve involves taking advantage of government incentives before they expire. Going green not only improves your surroundings but also aligns with sustainability goals.
Environmental Impact
Installing EV charging stations is a step toward a more sustainable future. It contributes to the fight against air pollution and positions your property as an eco-friendly space.
Increased Property Value
Offering EV charging infrastructure can enhance the value of your property. This amenity is increasingly becoming a factor considered by potential tenants or buyers.
The Retail Impact of EV Charging Stations
A recent Consumer Reports’ study revealed that out of 270,000 store locations across major retail categories, EV charging was available at one out of every 14 big box store locations, one out of every 15 grocery stores, and one out of every 40 department stores. The study highlighted that installing EV chargers could increase foot traffic by an average of 4% and revenue by 5%. Many retail locations in the United States are eligible for federal benefits, potentially saving nearly 30%, or $100,000, on installation costs.
Not only does installing EV chargers attract customers in a retail environment, but it increases loyalty retention, securing returning patrons and driving revenue growth.
A Paradigm Shift in the Auto Industry
Major automakers are signaling a transition to electric vehicles. General Motors aims to produce only electric vehicles by 2035, Ford plans to sell only electric vehicles in Europe by 2030, and VW targets 70% of its sales to be electric by 2030.
Future-Proofing Your Business
Although EVs are still a relatively new technology, their popularity is growing and is expected to continue. Government incentives, such as tax breaks and federal refunds, make investing in EV charging stations a way to future-proof your business, meeting the needs of tomorrow’s customer base.
MAC Electric Case Study: Success in EV Infrastructure
One of our notable case studies involves completing an EV infrastructure project at the Northfield Flats Condominiums in Fort Collins, CO. The project included the installation of three ChargePoint CT4021 dual-port chargers, facilitating charging for up to six vehicles simultaneously across six parking spaces.
The client received $27,000 in grants, significantly reducing the total project cost from $59,590.79 to $32,590.79. Additionally, the projected annual savings amount to $59,590. This success story exemplifies how investing in EV infrastructure not only aligns with sustainability goals but also presents both immediate and long-term financial benefits.
Why Choose MAC Electric?
MAC Electric & Lighting is committed to helping you future-proof your Colorado business. By investing in EV charging stations, you not only showcase your commitment to sustainability but also contribute to the growth of EV infrastructure. We provide comprehensive services, including strategic placement plans, expert installation, and guidance on local and federal government incentive programs. Contact us today for a quote.