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Frequently asked questions
There are several options for making money with commercial EV charging stations - getting direct revenue and indirect revenue.
Direct revenue means charging your customer for used electricity at electric car charging stations. A common practice for businesses is to charge a fee based on the amount of energy used ($/kWh) and time spent at the station ($/hour). You can set your price based on electric vehicle charging station installation cost, energy prices in your area, and other operational costs and add the end markup to get a profit. The Energy5 Management platform allows you to get real-time Analytics and Reporting and set desired charging pricing that fits your business needs.
Indirect revenue means attracting loyal customers and increasing the time they spend at your location, which leads to sales growth. Many companies integrate marketing opportunities and provide extra services for customers, such as getting discounts for repeatedly charging at their business. Once your business appears on the top EV charging station maps, it becomes visible among other companies and offers valuable services for your clients, increasing their return rates.
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