Great Reasons Why Your Business Should Install EV Chargers
Luke Webb
26/07/2024
Electric vehicles (EVs) have been a huge topic of discussion over the past few years with the growing move towards a more sustainable future. The current market size for electric vehicles was valued at 500.48 billion dollars in 2023, and it is projected to rise massively to 1,891.08 billion dollars by 2032. As more people understand the benefits of adapting more to renewable energy solutions, there’s an increase in people converting from traditional gas cars to EVs. Due to this, there’s a demand for convenient charging solutions for homeowners and businesses.

For commercial properties, installing EV charging stations at their business not only supports this eco-friendly transition but also offers a competitive edge to attract and retain employees. By investing in EV charging infrastructure, businesses can contribute to sustainability, enhance employee satisfaction, and position themselves as leaders in the green movement.

Employee Initiative

When businesses evaluate the addition of EV charging stations to their company property, they focus on the environmental benefits and potential cost savings, which we’ll come back to. They tend to forget such a critical advantage: the impact charging installations can have on current and new employee incentives and retention.

Firstly, offering your employees the chance to charge their vehicle during the typical 8-hour workday can enhance their happiness at the job and give them motivation to stay loyal. Knowing that they can use the company vehicle chargers allows them not to be preoccupied with spending money on public chargers or having the difficulty of finding a local charger. Furthermore, if they currently have a car that isn’t electric, it could motivate them to convert as it saves them money or the cost of installing it at their own home.

According to statistics, Vital EV found that nearly 60% of drivers find a company with charging stations more appealing. This shows how powerful a recruitment tool the presence of EV charging stations is for a business. When the job market is so competitive, any benefit, small or large, can stand out massively to applicants. These benefits create a positive culture around the company and send a message of caring for the employees and dedication to a sustainable future. Employees are more likely to remain loyal to a company that goes that extra mile.

Percentage Of Drivers That Find Companies With Charging Stations More Appealing

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Reducing Carbon Footprint

Government figures indicate that transport contributes to a significant 34% of CO2 emissions, with cars being the largest contributor within that sector. This stark statistic highlights the critical role that transportation plays in our overall carbon footprint. As businesses look for ways to support sustainability and reduce their environmental impact, installing EV charging stations on their property can serve as a powerful catalyst for change.

By providing convenient and accessible EV charging infrastructure, businesses can encourage their employees to transition from their petrol or diesel vehicles to electric vehicles. This shift not only benefits the individual by reducing fuel costs and maintenance needs but also contributes to broader societal goals of reducing greenhouse gas emissions and combating climate change.

Additionally, providing EV charging stations demonstrates a company’s commitment to sustainability and reducing its carbon footprint. This aligns with the values of many employees, particularly younger generations who prioritize environmental responsibility in their personal and professional lives. By supporting eco-friendly transportation options, companies can attract and retain employees who share these values, fostering a sense of community and shared purpose within the organization.

EV Charging Installation For Vivalda London

This project was a fantastic experience, and both our clients and our electricians couldn't be happier with the results. We installed two 22kW Garo EV chargers alongside a new 3-phase distribution board to ensure optimal performance and reliability.

Government Incentive

With the UK’s push towards a net-zero society by 2050, more grants and similar financial benefits are being distributed to help homes and businesses install renewable energy solutions. The government currently offers various grants to help businesses and homes install EV charging stations on their property. The EV charge point grant is available to reduce the cost of EV charger installations by 75%, up to £350 per charger.

This grant is targeted at small and medium-sized businesses with various eligibility requirements:
  • You can apply for the EV grant if you have 249 employees or fewer.
  • The property must be in the UK.
  • The charge point is to be used only by the building’s staff vehicles and company-owned vehicles.
  • The property must work on at least 5 parking spaces so they either have charging sockets or are prepared for future installation.
  • Parking must be off-street, private, and owned or have the legal right to use it.
  • The business is allowed to receive up to £315,000 in minimal financial assistance over 3 financial years.
  • Various infrastructure requirements.
  • Various fire safety measures.

Get Ready for the Shift Towards Sustainability

Most countries are making significant efforts to create a greener planet for a more sustainable future. Recently, the UK became the first major economy to pass a net-zero emissions law, mandating that all greenhouse gas emissions reach net zero by 2050. The UK has also introduced low-emission zones, plans to ban diesel and petrol vehicles by 2035, and continues to develop other green initiatives.

Incentives like grants and bursaries highlight what businesses should be doing now to become more sustainable and stay ahead of the shift towards renewable energy. Your business can gain a competitive edge by installing EV charging stations, investing in solar panels, or adapting to efficient heating solutions.

Not only do these measures benefit employee satisfaction and reduce greenhouse gas emissions, but they also significantly cut down on expenses. By taking advantage of current grants, your business can achieve substantial long-term savings and enjoy benefits that last 25+ years, while fostering a committed and loyal workforce.
Maisum constantly provides high-quality renewable energy solutions, including solar panel and EV charging installations, heating solutions, and electrical services. Our clients consistently rate us 5 stars on Google Reviews, reflecting our commitment to exceptional service. To learn more or get a quote, contact us or visit our Get-A-Quote page.
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