Understanding commercial EV charger installation costs is an important step in building a business case for EV chargers.
This blog will help you understand:
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How much EV chargers cost to buy
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The installation cost of EV chargers
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Any ongoing or additional costs you need to consider
Installing EV charging stations at your business is no thoughtless process. As a hospitality or leisure business owner, it’s certainly not cheap to keep up with the green electrification of Britain’s transport - so is it even worth the effort and initial cost?
In short: yes, it is profitable. There are two key ways that commercial EV chargers can increase your profit and ROI (return on investment) - directly on a customer-spend basis and indirectly through attracting more customers. EV charging stations often come with an app or separate software that allows for monetisation. The hotel can take a percentage of each charge session, but other methods are possible - such as selling charging passes at the reception.
What factors make up the commercial EV project solution cost?
By the end of 2024, it's projected that plug-in EVs will completely outsell diesel and hybrid cars on British roads - which is definitely promising for achieving our net-zero target in 2050. An important factor that can be the main barrier between taking the plunge and investing in commercial EV chargers is the total cost.
The overall cost is installing a commercial EV charging station is made up of a series of separate costs, including;
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The charging station units themselves
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Installation costs
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Ongoing service costs (if applicable)
When looking to install commercial EV charging stations, the most expensive option is not necessarily the best value for your money. The most important thing is that your selected supplier and installer is trusted and known for their quality so that the hassle of ongoing costs is minimised as much as possible.
It’s important to note that the overall cost of commercial EV chargers can be consolidated if you purchase and install via the same EV provider. Opting for one EV supplier and then selecting another EV charger installer may increase the combined cost, and it’s always desirable to squash this amount where possible.
So, what's the cost of commercial EV charger supply and installation?
The cost of installation of commercial EV chargers can start from £1,500 for a 7.3kw model.
This cost of installation is offset by the potential to make a profit from your customers’ use of the charging facilities. As a hotel owner, it’s possible for you to charge for the use of your charging stations via software such as a smartphone app - increasing the spend per customer, and in turn, your profit margin.
Not only this, but by providing EV drivers with a place to charge their vehicles, you will undoubtedly see an increase in traffic to your premises due to the entire demographic of EV drivers now seeing your hotel as an option for them.
Are there any additional commercial EV charger costs I should know about?
There is the potential for ongoing or additional costs, such as maintenance costs or ongoing fees for support or repairs - this is something that will differ depending on the EV charger supplier and brand. Of course, the goal is to minimise these additional costs as much as possible, with a ‘fit and forget’ mindset being common among a growing number of EV charge point suppliers.
Overall, the cost of buying and installing commercial EV chargers can vary depending on various factors. However, there are ways in which you can make a return on investment from the money initially spent. It’s unavoidable that the future is electric, so make sure you are one step ahead of your competitors and enquire now.
Devitech is committed to providing a fully transparent pricing structure so you always know exactly what you'll be paying for. With our expert team, you can be sure you're getting the most reliable, high-quality installation of commercial EV chargers.