Advice as a Source of Additional Income from Public Charging Stations
Advice Electronics Ltd. has been operating for over 36 years and is a pioneer in its field.
The company specializes in the development, manufacturing, and marketing of power solutions, power supplies, UPS systems, energy communication, solar energy, and electric vehicle charging solutions.
Among our clients, you can find high-tech companies, banks, government offices, hospitals, transportation companies, car importers and more.
Business Opportunity:
In a world where electric vehicles are becoming more and more common, fast and public electric vehicles (EV) charging stations are not only a technological solution but also a significant business opportunity.
Business owners, entrepreneurs, owners of shopping centers, and parking lots can turn EV charging stations into an additional source of income.
Fast Charging Stations:
Fast EV charging stations are a crucial solution for electric vehicle drivers, allowing them to charge the battery in a relatively short amount of time. In regular/home EV charging stations, the charging speed might take several hours, but fast EV charging stations can complete the process in just 20-40 minutes. This technology makes EV charging stations especially attractive to drivers looking for efficient and rapid solutions. The shortage of energy and electricity in private homes and workplaces requires drivers to charge in public places.
Kilowatt Consumption Cost at Public Stations:
In fast EV charging stations, the turnover is high, so the income generated from selling electricity provides a significant revenue stream for the station owner. The owner determines the price for charging that they want to set for all customers. As of 2024, the electricity cost paid by the station owner to the electricity company is 0.6 NIS per kilowatt.
At a fast DC station, the price charged to drivers per kilowatt is always more expensive compared to a home station. For example, it’s 2-2.5 NIS per kilowatt at a DC fast station, compared to 0.6-1.5 NIS per kilowatt at a slow/home AC station.
How to Create Passive Income from a Charging Station?
One of the significant advantages of EV charging stations is their potential to generate passive income. After the initial investment in installation, the station can continue generating income without significant maintenance. To maximize passive income, it's important to choose a strategic location with high demand for EV charging stations, such as shopping centers, large parking lots or central intersections.
ONE STOP SHOP - A Complete Solution from One Place
At Advice, you can find the comprehensive and ultimate solution for electric vehicle charging, which includes the EV charging stations, communication solutions, software for managing the stations, and appropriate infrastructure installation, for both private and public sectors.
What is Needed to Make Money from EV Charging Stations?
- EV Charging Stations:
All AC&DC charging stations from Advice support management and software integration according to the OCPP 1.6 protocol. - Management Software:
To charge for vehicle charging, the stations need to be connected to Advice management software. Through this software, station owners receive a management interface where they can manage and get real-time information on the station’s income.
Payments can be collected through two options:
- The Advice app with a QR code.
- Credit card processor.
- Communication Network:
The management software operates through a communication network, which can be connected via Wi-Fi, direct LAN connection, or 4G SIM card. - Infrastructure Installation:
Advice takes care of the installation and implementation of the appropriate infrastructure for EV charging stations. Pricing for this will be determined after a site survey by Advice team.
Advantages of EV Charging Stations for Businesses
- Attracting New Customers:
EV Charging stations can attract electric vehicle drivers, who are typically a high-quality target audience with strong purchasing power. - Increasing Dwell Time:
Drivers charging their vehicles may spend more time at the business or shopping center, which can increase revenue. - Green and Innovative Image:
Installing EV charging stations sends a message of commitment to the environment and technological innovation, which can enhance the business's image. - Additional Income:
EV Charging stations can provide an additional income stream through charging fees.
Public EV charging stations are an essential service for drivers and can also serve as a powerful marketing tool for businesses. Installing EV charging stations in parking lots, shopping centers, or near businesses is expected to attract new customers and increase their time spent at the location.
For example, a driver charging their vehicle at a shopping center may spend additional time shopping or dining at local restaurants.
In this way, EV charging stations become a strategic asset that provides double benefits – they provide an essential service and also contribute to the business’s income.
Essential Locations for Installing Public Charging Stations
- Shopping Centers and Entertainment Complexes:
Shopping centers and entertainment complexes are among the ideal places to install public charging stations. Customers spending hours shopping or enjoying activities can use that time to charge their vehicles, which increases satisfaction and encourages longer visits. Installing EV charging stations can attract a new audience of electric vehicle drivers, thus increasing revenue. - Public Parking Lots and Train Stations:
Public parking lots, especially those near train stations, entertainment centers, commercial areas, or football stadiums, are strategic points for installing charging stations. Many drivers leave their vehicles in the parking lot for long periods, making it convenient for charging. Installing EV charging stations in parking lots can also reduce environmental pollution by promoting the use of electric vehicles instead of internal combustion engine vehicles. - Hotels and Guesthouses:
Hotel and guesthouse owners can make the stay more convenient for their guests by installing charging stations. Guests arriving with electric vehicles can charge them overnight, ensuring a smooth drive the next day. This service can serve as a unique selling point and help attract more guests. - Workplaces/Offices:
Workplaces and office buildings are other places where installing EV charging stations can be very valuable. Employees arriving with electric vehicles can charge them during work hours, reducing range anxiety and encouraging the use of electric cars. Additionally, installing EV charging stations can enhance the company’s green image and attract high-quality employees. The number of electric vehicles in companies is increasing daily due to lower electricity costs compared to fuel. This is an excellent solution for employees and helps save on costs, giving legitimacy to the company with EV charging stations that will benefit both their personal and financial needs. - Public EV Charging Stations in Residential Buildings:
Installing public EV charging stations in residential buildings is an important initiative by the homeowners’ association or property management company serving the residents' needs and improving the shared quality of life.
This is an ideal solution for charging electric vehicles for residents or guests in the building.
For additional information:
052-4474056
tamir.g@advice-ev.co.il