Within the rapidly evolving e-mobility movement, commercial real estate plays a vital role in helping make electric transportation a reality. Workplaces, multifamily residences, retail complexes and other types of properties all provide parking facilities where drivers will be looking to charge up. The time to ready your properties is now.
Strategic planning with support from the right partner is the key to a successful and hassle-free EV charging implementation. With more than 15 years of experience in the industry, ChargePoint offers a unified EV charging solution that includes software, hardware and professional services. As the leading EV charging network, we provide access to more than 785,000 ports available through our global platform.
All aspects of the ChargePoint solution are modular and scalable, so you can choose which elements best fit your business needs today and in the future. Here are seven reasons to choose ChargePoint for your commercial real estate implementation.
1. Future-proof your property assets
According to BloombergNEF, electric vehicles made up 23% of all passenger car sales in Europe in the first half of 2023. The organisation predicts that by 2030, this number will reach almost 60%. That’s a lot of EVs on the road — many of which your tenants and their employees and customers will be driving.
An EV charging implementation will not only help you keep up with this growing demand but will also future-proof your assets as e-mobility becomes the norm. Don’t fall behind — by acting now, your properties gain a competitive edge, boosted asset value and potentially become eligible for grants and funding for EV charging infrastructure.
ChargePoint can help you maximise your existing electrical capacity as you begin to add charging infrastructure. ChargePoint Dynamic Load Management software allows you to address driver charging needs today and be prepared to meet future demand with your current power supply without costly upgrades or rent increases.
Invest once in an asset for your property that will provide value year after year. ChargePoint modular architecture enables easy adherence to current and future technology standards so your solution will always remain up to date.
In addition, the ChargePoint Cloud Dashboard gives you real-time visibility into charging data on station usage, energy costs and more to help you plan for when to evolve your charging programme. Access driver charging insights to further future-proof your business and scale cost-effectively.
2. Navigate complex regulations
In December 2020 as part of the European Green Deal, the European Council established the Fit for 55 initiative, with the 2030 goal of reducing greenhouse gas (GHG) emissions by at least 55% compared with 1990 emissions. To achieve this goal, municipalities throughout the EU have mandated strict environmental and social governance (ESG) and commercial real estate regulations — many that include EV charging infrastructure requirements. Specific regulations are likely to continue to evolve in various regions in an effort to align with the broader initiative. ChargePoint offers expert guidance in navigating these complex regulations and provides commercial real estate developers and property managers peace of mind that they will be in compliance.
3. Increase your property’s ROI with cost-effective solutions
ChargePoint Dynamic Load Management maximises existing electrical capacity, allowing you to invest less upfront and keep rent increases minimal. In addition, ChargePoint experts can assist with obtaining incentives to cover implementation costs, helping you reach ROI goals even faster.
Once your EV charging solution is up and running, more than 35 prebuilt reports, plus endlessly customisable data sets, provide meaningful insights on station usage, session fees, environmental impact and more, enabling you to share ROI progress with key stakeholders.
4. Attract the right tenants
Most organisations today need to meet their own ESG goals and are looking for ways to incorporate sustainability into all aspects of their business — including the buildings they occupy. Offering EV charging stations on-site can help you attract eco-conscious tenants who are willing to pay a premium for green facilities. Placing charging stations in your parking lots is an upfront and clear signal that you care about the environment.
Because of our extensive global network, ChargePoint is already familiar to the many EV drivers who use our app to find charging points wherever they go. Implementing a ChargePoint solution makes it easy for tenants and drivers to simply pull up and plug in. Implementing a leading charging network will also increase your property values and attract future buyers for your asset. Compatibility testing between ChargePoint and vehicles from every automaker out there protects your investment by ensuring drivers can charge any EV they drive.
5. Reduce operational costs across your portfolio
Manage charging stations across multiple locations from a single, intuitive dashboard to streamline operations and reduce costs. ChargePoint charging management software lets you control charging details according to specific tenants or individual drivers or set policies across an entire portfolio of assets and unique parking scenarios. A built-in pricing wizard, for example, lets managers control who has access to which chargers and set pricing for scenarios such as assigned, shared and guest parking. More than 40 APIs allow for integration and data-sharing between charging management software and your current building management systems.
Bundle hardware, installation, software and expert service into one subscription package, designed to meet the needs of your business. Over-the-air updates ensure your stations are always running smoothly and never technically obsolete. Best of all, you’ll save time and money with minimal overhead and a predictable operational expense.
6. Count on reliable stations, no matter the locale
The ChargePoint Assure program offers comprehensive monitoring, maintenance, support and hassle-free issue resolution. Proactive station monitoring discovers issues as soon as they occur, and ChargePoint responds within one business day. ChargePoint also provides remote operations and maintenance support through a large network of field service partners. Parts are typically shipped within three to five days, with on-site repairs made the next business day after they arrive.
With Assure, you’ll get 98% station uptime — which means your tenants and their employees and customers can always count on getting a charge. Modularly designed and rigorously tested ChargePoint CP6000 hardware ensures better reliability all around and less expensive maintenance.
7. Lead the way in sustainable property development
With ChargePoint by your side, you’ll boost your reputation as a sustainability leader in commercial property development. Having a commitment to e-mobility helps reduce your own carbon footprint, lower greenhouse gas emissions and promote clean air for your community and the planet in general.
Track progress toward your environmental goals using the ChargePoint Cloud Dashboard and report out on overall energy usage, GHG reductions and more.
Your commitment to green building will ripple out to your tenants who have their own sustainability goals to meet and to their employees and customers seeking to align with organisations that care about the environment.
Power up your property with ChargePoint
ChargePoint works with property investors, owners and operators to ensure a successful EV charging implementation every step of the way:
- Site design. Get expert advice on site design, based on organisational and employee needs.
- Incentives. Get support with finding regional incentives to help pay for the implementation.
- Installation. Connect with local, ChargePoint-certified contractors who can work quickly to get necessary infrastructure installed.
- Support. Count on proactive monitoring and maintenance as well as 24/7 driver support, freeing up your HR and facilities teams to focus on what they do best.
