As more people switch to driving electric vehicles (EVs), it becomes more profitable to install EV charging stations outside your business. Here’s what you need to know about EV charging systems and how they can improve your business.

A Growing Business

In order to understand how EV charging stations can benefit you as a business owner, you need to know who uses EV chargers and why. First, it’s important to note that battery electric vehicles (BEVs) and plug-in hybrids (PHEVs) are the ones that use charging stations. Secondly, according to a 2021 study by the Fuels Institute, experts believe BEVs will soon account for 12 to 40 percent of all car sales.

This means more and more people are switching to EVs that require plug-in chargers, making now the perfect time to invest.

An Increase in Your Business

The results of the study also show that EV drivers prefer to charge their vehicles at home or a trusted public charging station. Unlike motorists who use gas for fuel and shop around for the best price, EV drivers are more likely to go back to a charging station where they’ve had a good experience. This means EV charging stations create high degrees of customer loyalty.

When people are waiting for their cars to charge, they like to visit nearby businesses. If you install charging stations outside your business, you can attract more people inside.

EV Charging and Technology

One of the most interesting things you need to know about EV charging systems is that many people who own EV chargers at home still prefer to pay to use public chargers. This is because public chargers are often higher-power and can charge more efficiently. Most people also prefer to use mobile forms of payment.

A Business Upgrade

If you’d like to earn passive income and attract more people to your business, check out ShinePay’s EV smart chargers. Once you install them on your property, people can use our ShineEV app to quickly scan their chargers and pay. If you also use our payment systems for laundry or vending, you can track everything in one place. Call or email us today to find out how we can help elevate your business.