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The Benefits of Installing EV Charging Stations for Vancouver Businesses

There is no doubt that advancing EV infrastructure is good for drivers and good for the environment, but have you ever considered that installing EV charging stations can also be good for business?

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The Benefits of Installing EV Charging Stations for Vancouver Businesses

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  1. The Benefits of Installing EV Charging Stations for Vancouver Businesses

  2. There is no doubt that advancing EV infrastructure is good for drivers and good for the environment, but have you ever considered that installingEV charging stations can also be good for business? Limited EV charging infrastructure has led to range anxiety and range insecurity for many EV drivers. However, the lack of an accessible charging station network provides a real opportunity for building managers and property owners to offer their consumers something of value that can benefit all parties involved. Charging stations have broad appeal for EV drivers and would-be EV owners looking for convenient access to charging infrastructure and give businesses and property managers revenue-boosting potential, improvedbrand reputation, and other valuable incentives. And if that weren't reason enough to invest in EV charging stations, Vancouver residences and workplaces are eligible to receive substantial government rebates for installing EV chargers.

  3. Here's more on why investing in EV charging statins makes sense around Vancouver. 1. Attract Consumers and Tenants If parking in Vancouver wasn’t challenging enough, finding parking that offers EV charging has added another difficulty to an already arduous task. This creates frustration for users and consumers alike, some of whom may decide to leave searching for buildings that can provide accessible EV charging capabilities. Installing EV charging stations is a highly visible way to promote green values and entice tenants and businesses to rent in your building. It may even earn you the prestigious BOMA Best certification – national recognitionfor green buildingand environmental management.

  4. 2. Increase Your Pool of Qualified Employees Consumers are not the only ones who can be incentivized by access to convenient EV charging stations. Vancouver area businesses can attract or retain employees by offering something they may not have – access to convenient EV charging away from home. Not all EV drivers have easy access to charging infrastructure at home. Even for those who do, workplace EV charging can help increase employee satisfaction and retention, and entice newcomers by demonstrating your business's sustainability. dedication to environmental

  5. 3. Generate Revenue from Parking Fees While many businesses choose to offer EV charging stations for free, regulations in and around Vancouver allow businesses to charge for EV charging. According to Ministerial Order M104, landlords, strata, and non-public utilitiescan require compensation for EV charging. In Canada, the average rate for pay-per-use level 2 EV charging stations ranges from $1 to $2.5 per hour, while a level 3 quick charger, capable of delivering an 80% charge in under 60 minutes, can cost as much as $15 per hour. Fees for accessing EV chargers may be in addition to any parking lot fees your building requires.

  6. 4. Increase Your Property Value The shift towards more environmentally friendly means of transport is here to stay, and buildings will need to adapt to accommodate EV charging stations. In Vancouver, building codes have been updated to allocate a certain percentage of parking stalls in new commercial and residential builds to be EV charger ready. By-laws require 10% of commercial parking spaces and 100% of residential parking spaces to be EV-ready. Installing EV charging stations in your existing building can help you remain competitive, keeping your property value and rents in line with new construction.

  7. Provincial Rebate Program for EV Charging Stations The province of BC is looking to tackle the problem of limited EV charging networks with highly favourable incentives for installing EV charging stations in commercial and multi-family residential buildings. Rebates have been increased to up to $5,000 per level 2 EV charging station installedfor a limited time. Whether you're ready to power up or simply want to know more about your EV charger options, the team at RelightSolutions is here to help.

  8. Contact Us: Address: 12160 103 A Avenue, Surrey, BC V5Y 1K6 Phone No: +1 (604) 628-5267 Email ID: info@relightsolutions.com Blog Link: https://medium.com/@relightsolution/the-benefits-of- installing-ev-charging-stations-for-vancouver-businesses- a27be045980e Website: https://www.relightsolutions.com/

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