Make money by owning ev charging station

Innovation How to make communities more energy-efficient. Home device listens for fire alarms, then shuts all doors. Electric car charging within electrical code and power outlet limits Is it safe to charge an electric car in the rain? The station owners then have to cover all of that cost, plus the cost of the electricity, plus a small return on their station. Attracting the Best Customers Adopting the pay EV charging business model offers yet another advantage for your business.

Ways of Charging

An electric vehicle charging stationalso called EV charging stationelectric recharging pointcharging pointcharge pointelectronic charging station ECSand electric vehicle supply equipment EVSEis an element in an infrastructure that supplies electric energy for the recharging of plug-in electric vehicles —including electric carsneighborhood electric vehicles and plug-in hybrids. For charging at home or work, some electric vehicles have converters on board that can plug into a standard electrical outlet or a high-capacity appliance outlet. Others either require or can use a charging station that provides electrical conversion, monitoring, or safety functionality. These stations are also needed when traveling, and many support faster charging at higher voltages and currents than are available from residential EVSEs. Public charging stations are typically on-street facilities provided by electric utility companies or located at retail shopping centers, restaurants and parking places, operated by a range of private companies.

What is an EV charging business model?

As the major auto manufacturers produce more electric cars, the need for electrical voltage stations is increasing. While drivers of electric cars may choose to install an EV charging station at their homes, they still need to recharge while on the road. Setting up charging stations in public garages, at sports arenas and along streets near restaurants, stores and malls gives you a way to make money from servicing people who want to plug their car in while they run errands. Finding ways to bill for the electricity supplied at your charging station is key for making money. The way you bill depends on the location of your station. If you install EV charging stations in public places, charge a set fee each time an electric-car owner uses the station. Or, set an hourly fee.

Range Confidence: Charge Fast, Drive Far, with your Electric Car

As the major auto manufacturers produce more electric cars, the need make money by owning ev charging station electrical voltage stations is increasing. While drivers of electric cars may choose to make money by owning ev charging station an EV charging station at their homes, they still need to recharge while on the road.

Setting up charging stations in public garages, at chharging arenas and along streets near restaurants, stores and malls gives you a way to make money from servicing people who want to plug their car in while they run errands. Finding ways to bill for the electricity supplied at your charging station is key for making money.

The way you bill depends on the location of your station. If you maie EV charging stations in public places, charge a set fee each time an electric-car owner uses the station. Or, set an hourly fee. Since most makr companies are regulated by the state on how electricity can be billed, check with your state to find out whether you are allowed to charge by the kilowatt hour, if you prefer to go that route.

Another moneymaking idea is to sell charging stations to businesses whose employees would benefit from. Tell such businesses how charging stations encourage people to drive electric cars and, in turn, help protect the environment. Set up a contract with each company and bill it directly for its use of electricity. To statipn up EV charging stations in apartment buildings, you must convince the management to assign specific parking spots for monfy with electric cars. Work with apartment management to include a section in their leases about the monthly fee renters must pay to use the chargers.

Then bill the management to collect your revenue each atation. Or, if the they allow it, set up a contract with renters, and bill them directly for use of the chargers. If you set up more than one station, use networking software to keep tabs on all of your machines. This software allows you to track the amount of time each car spends hooked up to the station, so you know exactly what to bill each person. Networking software allows you to keep track of how many car owners are using the stations at any time so you can make marketing decisions.

The software also helps you identify problems with the stations. That way, you get repairs done more quickly so stations will be up and running again and you can make money. Some charging stations can even be fixed via the network, eliminating costly trips to the station and thus helping to improve your bottom line. Nancy Wagner is a marketing strategist and speaker who started writing in She writes business plans for startups and established companies and teaches marketing and promotional tactics at local workshops.

She holds a B. Video of the Day. Advertising Ideas for Auto Repair. Share on Facebook. Ways of Charging Finding ways to bill for the electricity supplied at your charging station is key for making money. Sales to Businesses Another moneymaking idea is to sell charging stations to businesses whose employees would benefit from. Apartment-Building Sales To set up EV charging stations in apartment buildings, you must convince the management to assign specific parking spots for residents with electric cars.

Other Considerations If you set up more than one station, use networking software to keep tabs on all of your machines. About the Author Nancy Wagner is a marketing strategist and speaker who started writing in

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Your station doesn’t have special engine cleaning power or other additives like gas, it’s just electricity and the only way you can really compete is by offering higher charge rates increases the cost of your stations or by offering cheaper charging. Firstly, we focus on helping customers reduce costs. In many cases the charging network owns the station, and then rents space from the host site. Secondly, we help our customers profit. This software allows you to track the amount of time each car spends hooked up to the station, so you know exactly what to bill each person. There’s no charging network fee or any other complication, but also no method for charging a fee. Set up a contract with each company and bill it directly for its use of electricity. If you want to drive across the state in one day NorCal to SoCal for Disneyland for example you don’t want to wait 6 hours at a Level 2. In some cases government policies have funded charging networks as an incentive. Or in other cases, drivers may end up footing a portion of the fee.