By 2030, legislation in the UK will require that all new cars sold are plug-in. With rapid EV charging, you can lead the market by providing an in-demand service for your customers.
In the changing world of commercial real estate, identifying and capitalising on emerging trends can mean the difference between success and stagnation. As the UK gears up to enforce a 2030 ban on the sale of new petrol and diesel vehicles, landowners and asset houses have an unparalleled chance to claim a lucrative stake and lead the charging market by embracing the electric vehicle (EV) revolution. With fully funded EV charging solutions at the forefront, the potential benefits are vast and multifaceted. This transformative shift can drive revenue, enhance sustainability efforts, and future-proof your properties.
A Market Poised for Transformation:
The United Kingdom’s battery electric vehicle (BEV) market growth currently mirrors where Norway stood in 2015. Norway’s BEVs now enjoy an 82% share of new cars sold. This potential, paired with the UK government’s ongoing commitment to phasing out the sale of new petrol and diesel vehicles by 2030 is an unmistakable indicator of explosive growth in the EV market and the accompanying rapid charging revenue expected via sale of electricity. While the UK may not follow the exact trajectory of Norway, the immense growth potential is undeniable. Norway’s remarkable success story in EV adoption can be partially attributed to its comprehensive public charging network.
The transition to clean transport hinges on the availability of robust public EV charging infrastructure. As the popularity of EVs continues to soar, more and more journeys are undertaken in fully electric vehicles and the demand for convenient public charging will follow suit, especially from high-mileage business and fleet drivers. Electricity is already widely geographically distributed, and charging much easier to access and operate than traditional petrol refuelling. Charging infrastructure presents an undeniable business opportunity for commercial real estate to capitalise upon.
Fully Funded EV Charging: A Catalyst for Success:
Embracing fully funded EV charging solutions offers a number of benefits for landowners, retailers and asset houses:
Revenue Growth: A well-implemented EV charging solution can serve as a dual revenue stream, benefitting both property owners seeking increased customer footfall and those aiming to boost rental income.
- Enhanced Footfall and Basket Spend: By offering this highly sought-after service, you can effectively drive foot traffic, attracting both existing and potential customers to your properties.
- Rental Income Boost: a successful EV charging solution can also lead to additional rental income through base-rent agreements or profit-sharing models. This added revenue source further enhances the financial viability of your property, providing you with a diversified income stream.
Sustainability and ESG targets: Integrating EV charging solutions aligns with sustainability commitments, a growing concern for environmentally conscious consumers. A forward-thinking approach not only aids in meeting environmental targets but also builds a future-proof brand.
Future-Proofing: By investing in EV charging infrastructure now, you protect your assets against future market dynamics. Being ahead of the curve positions you to lead the market, resulting in increased desirability among potential tenants and customers. Securing power ahead of your competitors, guarantees that your site can expand in line with market demand increases.
Streamlined Solution: Collaborating with an established charge point operator (CPO) with a good track record ensures an easy, seamless experience. From installation to operation and maintenance, the CPO handles the intricacies, allowing you to focus on your core business.
Given the investment required for a rapid charging installation, and the processes that can be involved, partnering with a CPO is a prudent approach. Osprey Charging Network, one such CPO, is one of the largest and most reliable rapid charging networks in Great Britain and offers a range of rapid and ultra-rapid chargers from 50kW to 300kW, catering to diverse charging needs.
Two options are available when collaborating with Osprey Charging: entering a long-term lease arrangement or selling underutilised land for conversion into charging sites. In both cases, Osprey Charging fully funds and manages charger installation, maintenance, and customer care, ensuring scalability to stay ahead of market demand. With a track record of hundreds of installations, and strategic investments committed for thousands of new charging points in the coming years, Osprey is positioned to play a pivotal role in shaping the future of EV charging in the UK.
Creating a successful EV charging solution involves not only recognizing the potential but also embracing a vision for the future. By partnering with Osprey Charging, you tap into their expansive expertise, established network, and long-term commitment to the electrification of transport. Osprey’s emphasis on quality, technology, income, experience, and funding ensures that you unlock the full value of your properties with a rapid turnkey charging solution.
As the UK embarks on a path towards a cleaner, more sustainable future, landowners and asset houses stand at a crossroads. The impending 2030 ban on new petrol and diesel vehicles sets the stage for transformative change. Acting on this with a fully funded EV charging solution means you’re not only capitalising on the potential for revenue growth but also playing a crucial role in the transition to clean energy. With Osprey Charging as a partner, you’re not just investing in charging points; you’re investing in the future of your properties, and a greener tomorrow.
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