The new fueling landscape comes \into focus
The most massive sea change in transportation since the invention of the automobile is happening right before our eyes. The difference this time around is that any business or organization, regardless of size, can take advantage of the current shift to e-mobility. From the corner shop to parking and event venues and the world’s biggest companies, there’s an opportunity to offer charging to drivers wherever they live, work and play.
Compared with the vehicle fuels that preceded it, electricity is safe, abundant and inexpensive. Therefore, it also presents opportunities for businesses to attract customers to their retail locations, drive demand for mobility hubs within parking structures or create brand new business models in the fueling and convenience industry.
Municipalities use smart charging as a way to attract investments and commercial real estate firms incorporate it to attract desirable tenants on the way toward building the cities of the future. With aircraft electrification on the horizon, even the sky may not be the limit when it comes to fueling EVs.
Companies can offer several incentives to attract and retain top talent, but if EV charging isn’t one of them, businesses may be missing out. Today’s workers want more from a job than just a paycheck — they want meaning. Companies that provide incentives that align with employees’ values simply do better than their competitors. It turns out that what’s good for people and the planet is also good for business.
Since 2017, commercial charging sessions have increased at an annual average growth rate (AAGR) of 20%.6
6 ChargePoint network, March 2022
Fast charging has its place in the EV charging ecosystem — if you’re on a long road trip or you manage a delivery fleet for instance — but it’s rarely cost effective and nearly always unnecessary for everyday driving. EV drivers know that it’s far more convenient to treat your car like the modern technological marvel it is and top up while you’re living your life rather than driving to some out-of-the-way location to fuel.
The average EV driver needs to access public fast charging just six times each year, compared with the roughly 50 times an ICE driver must fill up annually, at an average of 15 minutes per stop.
Our network data reveals that in 2021, Level 2 AC stations enabled more than 830 million electric miles driven. When drivers do need a fast fill, our 11.5K+ DC fast ports (and counting) are available to serve their needs.
Though it’s not the primary way EV drivers charge, DC fast charging offers a convenient option for EV drivers when parked for a short amount of time, whether making a long trip or visiting quick-stop retail or fast food restaurants. It can also be an important component of the charging mix for light, medium or heavy-duty fleets that need to stay charged up for their routes.
Learn more about commercial ChargePoint customers leading the charge:
Citrix
Gewobag
Fleets are the lifeblood of world economies — especially today. According to BNEF, global road freight is expected to explode over the coming decades, growing by nearly two-thirds by 2040. Consequently, fleets, including service, work, take-home and delivery, are now at the forefront of electrification worldwide. Amazon, DPD, FedEx, IKEA, PepsiCo and UPS are a few examples of industry leaders accelerating electric fleet pilots to meet sustainability goals, achieve cost savings, and adhere to new and upcoming government regulations.
Since 2017, Fleet charging sessions have increased at an AAGR of 52%.
According to BNEF, sales of electric fleet vehicles more than doubled in 2021 compared to 2020. Why? There are simply more models and types of EVs to choose from. Automakers from electric brands such as London-based Arrival, Amazon-backed Rivian and EV-leader Tesla, as well as traditional manufacturers including Daimler, Ford and Volvo, introduced dozens of light- and heavy-duty electric fleet vehicles in 2021. More vehicle choice removes what has traditionally been one of the largest barriers to fleet EV adoption.
Cost savings are a major driver of fleet electrification. EV first movers have experienced savings of between 20% and 25% over traditional ICE vehicles thanks to reduced fuel and maintenance costs.
The growth in the market has three key drivers: economics, policy and corporate sustainability. Electric light commercial vehicles (LCVs) have already reached cost parity in many markets around the world.7 Electric vans are expected to account for nearly 60% of LCV sales by 2040.8
Find out how ChargePoint fleet customers are leading the charge:
Velocity
Gillig
7 “How Are Corporations Electrifying Their Vehicle Fleets?,” BNEF, 20218 “Electric Vehicle Outlook 2021,” BNEF, 2021
For apartment, condo and townhome property owners, managers and HOAs, the days of taking a wait-and-see approach to electric vehicles are over. Once a nice-to-have amenity for multifamily communities, charging has now become standard as EV adoption accelerates around the world. Soon, residents will no longer decide where to live based on whether a property offers charging, but on which one provides the best charging infrastructure and services.
Fueling doesn’t get much easier than home charging. Single-family homeowners and take-home fleet drivers can charge any EV on the market up to nine times faster with a ChargePoint® Home Flex than with a wall outlet. They can even schedule charging to fit their busy lives or to take advantage of lower energy rates. It beats driving to a gas station hands down.
Since 2017, residential charging sessions have increased at an AAGR of 82%.
EV charging is as required as having a gym. It’s beyond an amenity, it’s beyond a nice to have.
Electricity is on track to become the dominant fuel for moving people and goods around the world within the decade. As EV ownership increases, drivers will increasingly demand to charge their vehicles where they live. EV drivers wishing to purchase a condominium or rent an apartment will choose the communities that offer amenities they need — and our data bears that out.
ChargePoint solutions work well for multifamily communities, including apartments and condos. In fact, multifamily charges delivered from the ChargePoint network increased more than 70% in 2021.9
59% of respondents to a 2018 AMLI survey said they would pay more to live in a “green or sustainable community”.
Find out how ChargePoint residential customers are leading the charge:
GID
Bozzuto
9 ChargePoint network, March 2022
