The EV market is experiencing massive growth and with this growth comes high demand for charging stations. Paris, Amsterdam, Berlin, London, and other major cities have seen a big boost in their EV presence which is why charging infrastructure is a hot topic for building developers and the real estate market. As more people buy their EVs, providing accessible and available charging points becomes more important in private residences and public buildings.
EV charging points attract new visitors and increase revenue streams and property value
A majority of EV drivers charge at home or at work but may run into situations where they need to access a public charging point as soon as possible. Imagine the number of people that frequent department stores, malls, shops, and community centers on a given day, some EV drivers. By providing charging points for EV drivers, building developers may see a competitive advantage and a possible increase in revenue streams due to higher traffic. Companies like IKEA have already grasped this opportunity and have integrated charging solutions to cater to their daily visitors. Others have seen the great advantages that ‘Smart Charging’ offers to location or residence owners. Who knows, by providing EV charging solutions at malls or department stores, it may influence some drivers to go on a short shopping trip in the meantime! To find out more on these advantages, here’s a list outlining the business benefits of charging solutions.
EV charging points bring stability to the electrical grid
Building and real estate developers can actively participate in creating sustainable homes and buildings of the future. Technology like ‘Vehicle-2-Grid’ can turn parked EVs in buildings and homes into power service providers, ensuring flexibility to the power grid through charging and discharging based on supply and demand. By equipping homes with EV charge infrastructure, private homes and buildings maximize the sustainability potential that EVs offer us. Real estate developers can contribute to electrical stability in the grid while creating whole communities based on an environmentally sustainable residence system. With EV numbers rapidly rising, imagine how many cars can connect each night if charging points were available at homes. Energy networks could be resupplied for the next day and those without EVs may be inclined to purchase one after seeing their neighbours enjoy all the perks!
The EV industry has entered 2018 and there are already big developments going on. New technologies, trends, and insights are taking shape and sometimes it may be hard to keep up with all the news. To see what the EV market looks like going into 2018, click here for a comprehensive report coming from the largest European EV driver survey in Europe.