The accelerated growth of Electric Vehicles (EV’s) is not just a trend within Australia, it is a global movement to reduce greenhouse gas emissions and energy costs simultaneously. Not only are EV’s significantly cheaper to operate and more sustainable for the environment, but they are also extremely high tech and simply exciting to drive.
The uptake of Electric Vehicles is one of the biggest changes that most of us will see since the invention of the internet. Like the vast opportunities that came from this, there is now brand-new opportunities for businesses embracing a sustainable lifestyle with EV’s.
The graph below shows just how quickly the transition is about to happen.
Get Solar and EV Charging for your Business with $0 Capital Outlay
Horan & Bird and Juice Energy can bundle Solar Systems and an EV Charger for your business into a Solar Power Purchase Agreement (PPA). We install your solar system on top of your business, and you purchase energy at a pre-determined fixed rate for the term of the PPA. This rate is significantly lower than your current market rate.
Create a Money-Making Machine with Zero Capital Outlay
For example, instead of purchasing energy from the Grid at rates of up to 38 Cents a KWH, you can purchase the same energy during the day at rates as low as 15 Cents a KWH from our Solar PPA. You can then sell that same energy through your Electric Vehicle Charger to your customers at 45 Cents a KWH. The rest of the energy from the PPA is used by your business to save on Energy Costs.
How Much Can you make with an EV Charger?
- The table below illustrates example figures, comparing the profit with solar and without (Charging the end user 45 cents a kWh from the EV Charger).
- With Solar – you can make 30 cents a KWH profit each time someone charges during the day. (And 15 cents a KWH at night from the EV Charger when purchasing grid energy at 30 cents a KWH and selling at 45 cents a KWH)
- Without Solar (or at Night) – you can still make 15 cents a KWH, both day and night with an EV charger at your establishment.
- The model below is based on a full charging session of 70KWH. (This could be 3 cars charging for 2 hours or 1 car having a full charge). This table below is an example only, and each location and business type will be different.
Charging Sessions | Profit With Solar p/a | Profit Without Solar or at night p/a |
2 Times per week (140KWh) | $ 2,184.00 | $ 1,092.00 |
4 Times per week (280KWH) | $ 4,368.00 | $ 2,184.00 |
6 Times per week (420KWH) | $ 6,552.00 | $ 3,276.00 |
7 Times per week (490KWH) | $ 7,644.00* | $ 3,822.00 |
14 Times per week (980KWH) | $ 15,288.00 | $ 7,644.00 |
*This table shows that a single charger being used 7 times a week can make you up to $7,644 profit during the day alone.
Electric Vehicles Per Carpark – The Opportunities
*This table below shows the expected Electric Vehicles per Carpark Space and displaying how many Electric Vehicles can be at your site at anyone time
% Of EV’s per Carpark | Carparks | Carparks | Carparks |
Year | 25 | 50 | 100 |
2024 (5%) | 1.25 | 2.5 | 5 |
2025 (10%) | 2.5 | 5 | 10 |
2026 (15%) | 3.75 | 7.5 | 15 |
2027 (20%) | 5 | 10 | 20 |
2028 (25%) | 6.25 | 12.5 | 25 |
Businesses that the Model Work Best With.
Motels and Hotels – This business model is a money-making machine for Motels and Hotels. Travellers like to charge up where they stay and usually arrive with a low battery level in their vehicles. Additionally, 25% of most Rental Vehicles are already Electric and are progressively moving towards 100%. Travellers also tend to drive more on holidays and will generally charge up twice as much compared to an average consumer. Furthermore, provide facilities to attract EV Drivers to your business or lose them to your competition.
Apartment Blocks – Like motels, people living in an apartment want to charge up at home. Not only does having an EV Charger make your apartment an attractive place to live, but it can also create revenue for the Body Corporate to reduce expenses in other areas.
Other Businesses
- Shopping & Retail Centres.
- Cafes, Restaurants, Pubs.
- Golf courses, bowls clubs, leagues clubs, surf clubs, and RSL clubs.
- Tourist & Leisure Parks, Holiday Parks.
- Medical and Health Centres.
- Office Complexes and Business Parks.
- People who drive electric vehicles design their routine around where they can charge their EVs. Where they shop, dine, work and holiday. While homeowners will charge up at home when they can, they must also top up frequently. (33% of EV Drivers only use a power point to charge up their EV, which takes 36 hours to charge. These people will need to use public chargers regularly)
- Unit complexes do not have charging facilities for their tenants. Landlords will also not install EV Chargers for their tenants at rental properties. Travellers coming to town for work or holidays do not have a charger. (They need quality public chargers in ideal locations where they can also enjoy your facilities).
- EV Drivers do not want to line up at Fast Chargers on the highway or wait hours at a Petrol Station. Convenience is the future.
- Uber Drivers are transferring their fleet to EVs. All State Government Vehicles are transferring the majority of their fleets to EVs. Rental Cars are already 25% Electric and are moving to 100% Electric.
Bonus Revenue
Not only can you make effective revenue through your EV Charger and Solar System, but think about how much more you can make by having Electric Vehicle Drivers spending money at your business while they charge.
For example, a Motel or Hotel can get an extra $250 a night in accommodation and meals. Owners of Electric Vehicles will only stay at your location if you have the required facilities. Therefore, you could be potentially losing out to a competitor.
Do you own the building?
- Commercial Property Investors know that the value of a building is judged on the income generated.
- The example below displays how much extra value your building can be worth with just $5000 profit per annum from an EV Charger, based on an 8% Yield Value.
Rental Income
Yield
Property Value
$70,000
8%
$875,000
Rental Income (with a Charger)
Yield
Property Value
$75,000
8%
$937,500
Let’s begin this conversation and help you access the best opportunities. Stay updated with the latest trends and news by following us.
Founder of Horan & Bird. Director of Master Electricians Australia and Board Member of Solar Accreditation Australia. John has played a key entrepreneurial role in the transformation of the Energy Landscape in Queensland.
