How can you generate revenue from EV Charging? This was the key question our recent webinar explored. On 24th November, VOLLT’s very own Mark Dickinson (Head of Sales) and Sean Ball (Director of Marketing) discussed the massive opportunities (previously only accessible to big oil companies) to monetise EV charging and create a new potential revenue stream for businesses – and make the world more sustainable.
Here were the top five takeaways from the session:
1. Generate £1,000-£10,000s in PROFIT
Using VOLLT’s comprehensive ROI calculator, Mark outlined several scenarios and the amounts businesses can generate in profit over a 3 year period. These scenarios factored in various funding schemes, number of charging sessions per week and wholesale vs chargeable price of energy to users. Based on a modest assumption of one charging session, per day (even without grant funding), the potential profit could be over £15,000 by year 3.
You can your EV Charging ROI Estimate by completing this quick 2 minute questionnaire.
2. Up to 80% grant funding is available
National and some regional governments currently offer grant funding schemes for workplace EV chargers, up to 80% funding in most cases (the amounts vary across different councils). The three key grant areas we work with on a regular basis are Hull, East Anglia, and south/southeast of England.
Mark also highlighted that the Office for Zero Emission Vehicles (OZEV) provide a grant scheme which allows businesses and homeowners to claim £350 back per charging point installed. He mentioned that the OZEV home charging scheme ends on 31st March 2022, whilst the OZEV workplace charging scheme currently does not have an end date.
3. Applying for funding is straight forward
VOLLT can claim the OZEV grant on behalf of customers once they are in possession of a voucher code. As far as local area funding is concerned, we discovered that the customer must make and submit the application, but VOLLT will be available throughout the process to offer any assistance we can.
For HBEES, Hull Council assess your business and identify and recommend energy efficiency initiatives. They outline all energy efficient measures that could be taken by your business. It’s possible to prioritise EV charging infrastructure first and then work on the recommended initiatives later (with no obligation to). These extra initiatives can be claimed on top of your EV chargers up to a maximum of £10,000 for HBEES, whilst other local funding areas can cover up to £25,000.
4. Validation surveys are simple
The customer’s infrastructure will initially be discussed in a call or zoom meeting with the VOLLT team to identify where the power supply would be located and whether it is a three-phase or single-phase electricity supply. Once the call has finished, the customer will be given a quote and proposal of the works, and if they accept this then a survey will be arranged to assess the site. VOLLT arranges surveys after the customer wants to proceed.
5. Charging times vary
It is impossible to give one single estimate for the charging times of all cars as it depends on the infrastructure of both the car and charger. Our 22kW chargers can provide 60-70 miles of range per hour of charging. This could then be altered by our load balancing feature in our chargers, as it may reduce the power provided to the car if the business’s power supply is being used heavily in another area, for example factory machinery, which will increase the time taken to charge.
There you have it! These 5 takeaways were only a handful of the insights discussed on in the webinar. There were also many questions asked from businesses that attended, so we’ve listed the most pertinent below:
When will the grant funding expire, or are there some without a deadline?
Local government funding varies which will need to be discussed on an individual basis with each customer. OZEV workplace doesn’t currently have an end date, but the OZEV home charging scheme ends on 31st of March 2022.
(On the topic of faulty chargers on the dispatches EV show) What are the warranty and service levels?
Most issues encountered are regarding public chargers, but we only work with workplace and home chargers (all come with a 3 year warranty). The most likely cause of a fault will be due to wi-fi drop out rather than a charger issue.
Who typically does the installation and are there extra charges?
Installation depends on requirements from the customer and complexity of their existing infrastructure. These will be outlined in a quoted proposal.
How long does it take on average for a car to charge?
Charging time depends on infrastructure of both car and charger. Our 22kW chargers provide 60-70 miles of range per hour of charging. The load balancing functionality in our chargers may reduce power provided to car if the business’s power supply is being used heavily in another area, for example factory machinery, which will increase the time taken to charge.
Do the chargers require an app people have to download or do they support RFID/contactless payments?
Payments by app and RFID are already supported by our chargers, whilst contactless payments can be configured on request. The VOLLT app however can be used to track usage and monetise charging.
What exactly is required by the council when requesting grant funding?
We claim the OZEV grant on behalf of the customer once they have provided us with their voucher code. For local area funding the customer must submit the application and we will help where we can.
For example, HBEES send someone to assess the business and identify recommended energy efficiency initiatives. You could mention that you would like to sort out your EV charging infrastructure first and then work on the recommended initiatives later.
The maximum funding from HBEES is £10,000, whilst others can cover up to £25,000.
What are the timings of on-and-off peak charging?
The timings differ depending on who your energy supplier is. For example, on supplier has off-peak times of 12am-4:30am whilst a different supplier has an off-peak time of 11pm-7am.
Is there any particular RFID card that will work such as Shell Recharge/BP ones or are you part of a wider network?
We are not currently part of a wider network, but we are trying to see how we can align with other networks to share compatibility. Networks are a key issue at the moment as many EV charger providers do not communicate or are not compatible with each other. We are aimed at business, not public, so the customer has the option to open their chargers up on a network or to keep them private.
Do your chargers have a range of connectors?
Our Kratos chargers have a type-2 connector, whilst our Rapid charger will have two options for connectors, CCS and CHAdeMO. Our Rapid chargers are due for release in Q2 2022.
How do you find out which councils give grant funding?
This varies depending on where you live and needs to be discussed on a case-by-case basis.
How do you know if a customers’ premises has the sufficient infrastructure to provide EV chargers, and how many? What does this process look like?
This will be discussed before a proposal is sent in a call/zoom meeting, then if the customer wants to proceed a survey will be arranged. We arrange a survey after a customer wants to proceed in order to increase the efficiency of our operations and avoid any extra costs for us or the customer.
If you’d like to view the full webinar recording, please email firstname.lastname@example.org
Do you want to find out how much money you can make from EV charging? Take a look at our ROI calculator today at https://vollt.io/roi-calculator/ or call our team of experts on 0303 300 1006.
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