"Local businesses see increases to traffic and spending by having an EV charger in the area" is a sentence that helps the conversation about electrification. Businesses have incentives on chargers and solar projects that help in the long run. Even if you never want one yourself the number of owners of electric vehicles is increasing yearly. Being able to charge your vehicle and get a quick snack or buy a trinket while you kill time is a nice convenience. Being the owner of the station and having access to cheap power is a double win in my eyes. https://lnkd.in/g9HRnWXK
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The real estate industry is going to subsume the gas station industry. This is the future. For consumers, convenience wins. Why go out of your way to an EV charging station if you can fuel up at the grocery store, at the gym, or while you're at a restaurant? Thinking we need a bunch of dedicated EV charging stations is cognitive bias based on how we conceive of gas stations today. The "gas station" of the future is electrons that meet you where you're at. For businesses, profits win. Businesses will do what makes them money. EV charging did not make financial sense for a long time. That is changing, driven by tenant demand and lowering installation costs. Retailers like Walmart and Costco will lead the way, but other asset classes like multifamily won't be far behind. This is a win-win-win, and the biggest winner is the real estate industry. A tremendous amount of real estate today is undervalued, based on its energy generation potential. As the cost of solar and storage goes down, and more real estate owners unlock their true energy generation potential, energy will be a huge revenue generator for real estate owners. #proptech
For Decades, Installing E.V. Chargers Didn’t Pay Off for Retailers. Now It Does.
https://www.nytimes.com
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Recently, JOLT conducted research with 419 of our regular users. More than half of those surveyed (57%) said they aligned their charging with local spending activity, with 70% of customers spending up to $50 at local businesses during a single charging session. The research data revealed that EV drivers specifically visit locations where there are JOLT EV street side chargers, and wouldn’t have visited if the JOLT charger was not there. The majority used the 30-minute charging session to shop, grab a takeaway coffee or enjoy a meal in a local café or restaurant. In addition, 68% noted the importance of having access to an EV charger near local businesses. More information in the link below, and feel free to get in contact to find out more about getting JOLT Chargers installed across your portfolio of property assets. https://lnkd.in/gCRaSc-H #MoveFreely joltcharge.com
JOLT's free, fast and clean EV chargers contribute significant economic benefit to local communities
https://jolt.com.au
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Retail property owners often say, "The Juice is not worth the Squeeze," regarding adding EV charging stations. Sometimes I think this is written down in some common retail/commercial real estate handbook. They worry about maintenance, outdated technology, and losing parking spaces for ICE vehicles. All which are valid. When I present proposals for stall rent or revenue sharing from CPOs, owners typically have no capex/opex expenses, but yet the stall rent is not enough or are hesitant due to the unknown utilization risks, even if revenue sharing could surpass fixed stall rent and be more profitable. My question is: How much juice is worth the squeeze?! If you operate EV chargers or own retail property with EV charging stations, what is your average monthly net revenue or stall rent? Please share in the comments or message me directly. Can you help with my curiosity? 😊 I understand that different installation situations and market utilization will be different. Let's start a conversation and share the juice! 😉 #evcharging, #evrevenue, #EV, #retail, #evrealestate, #emobility,
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Really powerful line as American's tussle with the idea of homeownership: "A tremendous amount of real estate today is undervalued, based on its energy generation potential."
The real estate industry is going to subsume the gas station industry. This is the future. For consumers, convenience wins. Why go out of your way to an EV charging station if you can fuel up at the grocery store, at the gym, or while you're at a restaurant? Thinking we need a bunch of dedicated EV charging stations is cognitive bias based on how we conceive of gas stations today. The "gas station" of the future is electrons that meet you where you're at. For businesses, profits win. Businesses will do what makes them money. EV charging did not make financial sense for a long time. That is changing, driven by tenant demand and lowering installation costs. Retailers like Walmart and Costco will lead the way, but other asset classes like multifamily won't be far behind. This is a win-win-win, and the biggest winner is the real estate industry. A tremendous amount of real estate today is undervalued, based on its energy generation potential. As the cost of solar and storage goes down, and more real estate owners unlock their true energy generation potential, energy will be a huge revenue generator for real estate owners. #proptech
For Decades, Installing E.V. Chargers Didn’t Pay Off for Retailers. Now It Does.
https://www.nytimes.com
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Completely agree. Standalone fueling stations (thankfully) will be a thing of the past and we can all get something more valuable out of that space. Not to say convenience stores are dead. In Japan, "konbinis" deliver standalone value for travelers on the go. For charging, the solutions that meet customers where they are will always win. Solutions for home, work, and other retail will dominate - saving customers from dedicated trips to chargers. At Inductive Robotics, we're focused on workplaces, commercial parking, airports, and other long-dwell environments.
The real estate industry is going to subsume the gas station industry. This is the future. For consumers, convenience wins. Why go out of your way to an EV charging station if you can fuel up at the grocery store, at the gym, or while you're at a restaurant? Thinking we need a bunch of dedicated EV charging stations is cognitive bias based on how we conceive of gas stations today. The "gas station" of the future is electrons that meet you where you're at. For businesses, profits win. Businesses will do what makes them money. EV charging did not make financial sense for a long time. That is changing, driven by tenant demand and lowering installation costs. Retailers like Walmart and Costco will lead the way, but other asset classes like multifamily won't be far behind. This is a win-win-win, and the biggest winner is the real estate industry. A tremendous amount of real estate today is undervalued, based on its energy generation potential. As the cost of solar and storage goes down, and more real estate owners unlock their true energy generation potential, energy will be a huge revenue generator for real estate owners. #proptech
For Decades, Installing E.V. Chargers Didn’t Pay Off for Retailers. Now It Does.
https://www.nytimes.com
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🔋 Study reveals: EV charging stations boost nearby businesses, turning 'dwell time' into dollars. This research underscores the symbiotic relationship between sustainable transport solutions and economic growth, highlighting the untapped potential for businesses to thrive in the green economy. As we continue to innovate and assess the connectivity potential of buildings worldwide, ModeScore invites forward-thinking property owners to join us in creating a win-win scenario: boosting finance while driving the transition to a cleaner, greener future. https://lnkd.in/gAD8_is5 #EVs #ModeScore #DwellTime
It Turns Out Charging Stations Are Cash Cows For Nearby Businesses
insideevs.com
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Exciting news in the EV world! A recent article highlights how electric vehicle chargers are becoming a lucrative business opportunity for local businesses. As more EVs hit the roads, charging stations are popping up everywhere—turning a simple charge into a cash cow! From coffee shops to convenience stores, businesses near charging stations are seeing increased foot traffic and sales. This is a win-win for both EV owners looking for convenient charging options and local economies eager to tap into this growing market. Read more at https://lnkd.in/gAD8_is5 #ElectricVehicles #EVCharging #SustainableBusiness #GreenEnergy
It Turns Out Charging Stations Are Cash Cows For Nearby Businesses
insideevs.com
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🔋 EV Chargers: A New Source of Revenue for Businesses? https://hubs.ly/Q02Q-F3b0 As the EV market grows, businesses are discovering an unexpected opportunity—hosting #EV #chargingstations. According to recent studies, locations with chargers attract more customers and increase revenue, especially at nearby restaurants, cafes, and retail stores. 💰☕ EV drivers tend to spend more time at charging locations, translating into higher sales for businesses. Whether it's fast charging hubs or slower options for extended stays, the potential for added revenue is hard to ignore. At BTC POWER, we help businesses capitalize on this trend with reliable and efficient EV charging solutions. Want to learn how you can turn your location into a destination for EV drivers? Contact us today! ⚡ #EVCharging #Sustainability #BusinessGrowth #BTCPOWER #ElectricVehicles Meet with us👉https://hubs.ly/Q02Q-zFk0
It Turns Out Charging Stations Are Cash Cows For Nearby Businesses
insideevs.com
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Forecourts are yet to really get into the #evcharging action and when they do, a lot more customer confidence will increase for EV adoption, what do you think? Forecourts are the visible side of mobility infrastructure and once they buy into #electricvehicle charging as a business, customers will have more confidence to make the switch.
Maebh Reynolds featured with Asif Ghafoor of Be.EV along with Tom Hurst of Fastned in this article. Thanks to Forecourt Trader for the mention. “Our survey of over 500 EV drivers showed that 63% are more likely to frequent and spend at locations with EV charging. This highlights a substantial market opportunity for forecourts to capitalise on. By integrating EV charging stations, forecourts can control the customer journey, using these points to gather data and understand consumer behaviour. This information can be used for personalised promotions, transforming the forecourt into a key destination.” https://lnkd.in/eYbVk_V9
FOCUS ON EV CHARGING: Plugging the gap
forecourttrader.co.uk
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The Retail Bulletin recently revealed how installing an EV charging hub is a prime opportunity for the retail sector and we couldn’t agree more. Installing a public EV charging station could attract shoppers, increase dwell time, and boost footfall. If you have a car park in a suitable location, let's work together to host our fully-funded EV public charge points. We'll install, manage, and maintain the chargers whilst helping to build a network of fast public charge points across the country. Learn more about how the retail sector can benefit from this green initiative here: https://lnkd.in/eKQdUFqn #EVCharging #SustainableBusiness #GreenerBusiness
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