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In the rapidly growing electric vehicle (EV) market, the recent initiatives of the current administration have presented compelling opportunities that emphasize the importance of establishing a robust EV charging infrastructure. Electric vehicles, driven by batteries, offer drivers a clean and carefree transportation experience, eliminating the need for traditional gas stations. However, a critical challenge lies in the availability of charging stations, a source of anxiety for many potential EV adopters. The shift from conventional combustion to EVs can be greatly accelerated by deliberately extending the network of charging stations to address this issue. According to an IBM study, 57% of customers are open to changing their behaviours to support sustainability and lessen their influence on the environment, demonstrating a rising demand for environmentally friendly transportation solutions. This offers an opportunity for property management businesses to think about installing EV charging stations within their buildings. According to Fortune Business Insights, the market is anticipated to expand at a CAGR of 17.8% from 2023 to 2030. Since pure EVs are becoming more and more popular worldwide, the battery electric vehicle (BEV) sector is anticipated to dominate the market.
Developing Robust Charging Infrastructure
For governments, developing a reliable charging infrastructure continues to be an important challenge. To understand this issue from the perspective of an EV owner, consider that individuals who are environmentally conscious may be eager to purchase an electric vehicle as these vehicles are not only cost-effective and low-maintenance, but also user-friendly. Thus, the accessibility of charging stations is paramount. Without convenient access, potential buyers may hesitate to make the switch. Since EV adoption in India is still in its early stages, many people might not completely understand the advantages they provide. Not all prospective vehicle buyers are aware that using EVs instead of conventional fuels like petrol or diesel results in more sustainable charging practices. The rapid expansion of the EV business is hampered by a lack of knowledge and a poorly constructed charging infrastructure, keeping it from overtaking the existing internal combustion auto industry. This emphasizes the urgent need for improved charging infrastructure, especially in areas with high footfall traffic, to support the widespread use of electric vehicles.
Benefits of Charging Infrastructure In High Footfall places
Establishment of EV Infrastructure
In order to make it easier for EV users to find local charging stations, the provider of EV charging stations also enables cloud-based app connectivity. It also benefits the businesses that operate local EV charging stations by attracting customers. It also advances the goal of creating a vast EV charging network. As a result, it provides EV charging firms with greater motivation in addition to profits. Ultimately, EV charging manufacturers offer continuous support for the installation and upkeep of charging stations, so you can continue to leverage company profits without experiencing any issues.
Improving Efficiency and Cutting Costs
The installation of electric charging stations at work has two advantages. Firstly, it improves the working environment for employees by streamlining everyday tasks and saving time that would otherwise be spent looking for charging outlets. Second, this action offers a considerable financial benefit to companies with fleets of vehicles. It enables significant fuel and maintenance cost reductions, fostering cost-efficiency within the business. Overall, for fleet-oriented organizations, integrating workplace charging infrastructure corresponds with employee convenience and long-term financial viability.
Providing Convenience for Clients
Several variables are taken into account when clients select their business partners, with convenience being the most important one. It becomes a compelling advantage to have EV charging stations on your property. Customers can conveniently charge their EVs while at meetings or on-site visits, saving them the trouble of looking for external charging stations. This not only demonstrates your dedication to sustainability but also improves the general client experience, making the organization a more enticing option for people who place a high value on convenience and environmental friendliness.
Committing to the Environment and Upholding Brand Values
In the corporate world of today, social responsibility is a defining characteristic of firms. An important part of this commitment is to encourage environmentally friendly transportation. A business sends a strong and concrete message about its position on environmental sustainability by providing EV charging infrastructure at the workplace. It not only demonstrates a commitment to minimizing the environmental impact of its operations, but it also inspires individuals and stakeholders to make eco-friendly decisions. The company’s position as a responsible, forward-thinking enterprise in today’s environmentally sensitive world is highlighted by this proactive attitude.
All Things Considered!
The growing EV industry and sustainability objectives necessitate a comprehensive EV charging infrastructure in high-traffic areas. To reduce concerns about EV adoption, more charging facilities are required. Property management firms stand to benefit from this development. High-traffic areas that have charging stations make it easier to utilize EVs, help local businesses, and convey a strong statement about environmental responsibility and brand values.
About the Author
This article is written by Dr Anshul Gupta, Managing Director, Okaya Electric Vehicle.
With a legacy spanning four decades, Okaya has established itself as a trusted and renowned symbol of quality in India. As a pioneering force in the battery manufacturing industry, Okaya draws upon its extensive expertise to venture into the Electric Mobility sector. Today, with extensive experience, Okaya has entered the Electric Mobility space, offering Electric Vehicles, EV Batteries, Charging, and Battery Swapping solutions. Committed to the environment, Okaya holds ISO 14001:2004 certification and provides affordable, sustainable, and clean mobility through its Zero-emission electric two-wheelers.
Embrace the power of innovation with us, the leading charging station manufacturer in India and the third-largest battery manufacturer in the country. Our prowess extends beyond batteries, as we bring together 35 years of Microtek’s electronics excellence and 19 years of Okaya Infocom’s software expertise. With mastery over these three key domains—battery, electronics, and software—we proudly present Okaya Electric Vehicle, where our aim is to provide you with the perfect product at the perfect price. Join us on this electrifying journey toward a brighter future.