In the EV charging business, there are opportunities to create customer value directly and indirectly around the growth of the EV charging market, new EV technologies and new demand for residential and commercial EV charging. What are these opportunities, where should you focus, and how can you profit in the EV charging business?
A business model is the plan implemented by a company to generate revenue and make a profit from operations. The model includes the components and functions of the business, as well as the revenues it generates and the expenses it incurs.
Studies of EV charging infrastructure have proven that operating costs (OPEX) are typically 80% of the total cost of EV charging stations over a 10-year lifespan.
EV infrastructure owners must focus on OPEX to minimize costs and make EV charging business profitable. Learn how to save on EV charging costs
There is some obvious value from direct sources of revenue, like drivers paying for charging, but let’s open up the balance sheet and look at other potential factors:
Of course, as in any business, there are costs to consider:
We are in a young industry. At Chago, we believe that to succeed we need to keep an open attitude to partnerships. We must be proactive to help our customers identify opportunities and drive down OPEX, and that is exactly what we are doing.
Firstly, we focus on helping customers reduce costs. Our hardware designs and cloud-based software minimize maintenance costs. Our load balancing technology helps you to save on every charge.
Secondly, we help our customers profit. A great example
One thing is true: every EV charging business case is different…
But, from identifying infrastructure gaps, delivering modular hardware, remote management
Roll out of electric vehicles to the market is accelerating. Retail must decide on their