Electric Vehicle (EV) charging stations are a key component of the infrastructure needed to support the growth of EV adoption. With more and more consumers making the switch to electric, the demand for charging stations is only going to increase. In this article, we’ll take a closer look at the financial opportunity of selling EV charging stations and highlight the benefits of Terra, Powered by ACDI.
The Financial Opportunity Installing EV charging stations can be a profitable venture, especially as demand for EVs grows. According to a report by Grand View Research, the EV charging infrastructure market size is expected to reach $144.97 billion by 2028, growing at a compound annual growth rate (CAGR) of 32.0%. This presents a significant opportunity for those looking to capitalize on the growing market. With Terra, Powered by ACDI, you can offer premium charging stations to a wide range of customers, from commercial to residential environments.
ACDI’s Terra Charging Stations Terra, Powered by ACDI has partnered with SemaConnect to develop a line of premium charging stations. The TES 40 Series Home Charger, TES 50 Series Smart Charger, and TES 70 and 70+ Series Charger offer turnkey operations and intuitive management to make electrification accessible to everyone. From infrastructure planning to installation, Terra, Powered by ACDI is committed to making EV charging easy for all.
Infrastructure Investment & Jobs The federal government has allocated $7.5 billion specifically for a national EV charging station network, as well as a $65 billion investment into the electrical grid. These charging stations will be located along highway routes or rural areas and include brand-agnostic connectors. In addition, there are discretionary grant programs such as the Charging and Fueling Infrastructure Discretionary Grants, which will provide up to $2.5 billion in funding to provide convenient charging where people live, work, and shop. These grants can help cover the cost of installing charging stations and present a great opportunity for those looking to get involved in the industry.
Encouraging Sustainable Transportation Office equipment reseller Pacific Office Automation recently added EV charging stations from Terre to the Portland Trailblazers, offering complimentary electric vehicle charging within the parking garages on the Rose Quarter campus. Sustainability and the journey to zero waste are key commitments for both organizations, and this innovative partnership will allow more fans to join in those efforts. This helps to reduce transportation-related emissions and encourages the use of more sustainable modes of transportation. Complimentary charging is currently available in the Annex (two charging stations), Garden Garage (eight stations), West Garage (seven stations) and East Garage (11 stations) for guests that have paid to park. Each station is first come, first serve and chargers will charge approximately 15-20 miles of range per hour.
The Bottom Line
As the demand for EV charging stations continues to grow, offering Terra, Powered by ACDI’s premium charging stations can be a lucrative business opportunity. With the government investing in the infrastructure and companies like Pacific Office Automation leading the way in sustainability, now is the perfect time to get involved in the industry. If you’re interested in learning more about Terra, Powered by ACDI and how you can get involved, visit their website today.
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SOURCE Industry Analysts Inc.