What’s the cost of EV charging for businesses?

There are so many benefits to installing electric vehicle (EV) charging stations at your place of business, such as the positive environmental gain, increased employee satisfaction and a boosted reputation, to name a few. But what about the cost? We understand that as a business owner you have to consider the financial impact of any new investment, so we’ve laid out the costs you need to consider with EV charging point installation. We’ll give you a spoiler - it’s probably more cost effective than you think.

Cost of EV installation 

When you purchase an EV charging point from Mr Charger, the quoted fee includes installation. Our experienced team knows what they’re doing, so by choosing our experts, you avoid the potential expense of inexperienced electricians, damage to the charging point or the need for multiple site visits. 

Installation costs will depend on where the EV charging points are going to be located. If they’re going to be installed to a pre-existing wall, the price will be lower than if you opt for freestanding chargers that need to be inserted into fresh foundations. Don’t worry though, we’ll be able to guide you on the best, most cost effective locations for your new charging units. 

EV energy supply 

It’s important to look into the energy supply for your place of business, to make sure that you have sufficient supply to power your new EV charging units. If you can install chargers without needing to upgrade your supply, you can save some money, but if you do need to upgrade, the cost will most likely be offset over time through use, as the popularity of EVs grows and more people need to charge up. 

EV charger electricity cost 

Another main cost of EV charging for businesses is the ongoing expense of electricity. These electrical costs are made up of whatever price your business pays per kWh, which averages around 14 pence in the UK, multiplied by the total number of kWh going through the charging unit. However, as we discussed in our 3 reasons businesses are making the transition to EVs blog, the switch to EVs will save you money in comparison to the use of petrol and diesel vehicles, even when taking into account the cost of electricity. 

If you’re a business with a lot of customer footfall, EV charging points can be a great way to attract more visitors to your site. Offering paid-for EV charging can be an additional stream of revenue for your business, or providing free public charging is a great incentive for customers to shop with you. 

EV charging for businesses

Now that you’ve considered the costs of EV charging for business and you’re ready to take the next step, let us help. Here at Mr Charger, we’re leading EV charging installation specialists. Our lovely local teams can provide helpful advice and well-priced, efficient installation. Give us a call on 0800 669 6159 or email us at install@MrCharger.co.uk and we’ll have you up and running in no time!