An increasingly common addition to new build properties is electric car charging ports. Some developers are on the fence about implementing them, but installing the right chargers early can greatly benefit your property development. Learn more about why installing electric vehicle chargers is an investment that’s sure to mature in years to come.
Improving electric vehicles
One of the important factors driving people towards using electric vehicles is the advances in technology. The average UK electric car now has a range of 222 miles, a significant advance from early models that struggled to reliably reach triple figures. This makes electric cars more and more viable as time goes on, with drivers using their cars for longer commutes and even for holidays. In this case, businesses and holiday lets benefit from installing electric chargers in their properties so they can attract more and more electric car drivers to their businesses.
Fossil fuel car ban
The UK government announced in 2020 that new cars and vans powered entirely by fossil fuels will not be sold in the UK after 2030. Although this seems a long way away, the transition to electric cars and plug-in hybrids will soon be upon us, and we need to be prepared. By installing electric chargers on your development now, not only are you ensuring you’re well prepared before the switch, but customers may also see you as a responsible business that cares deeply about the environment.
Funding charger installation
If you’re looking to get your property development ready for electric vehicles, having the right funding in place is key. Electric vehicle charging finance plans allow you to pay back the total cost of installation over an extended period of time, so you can join the revolution now without having to fork out the upfront costs in one go.
Electric vehicle charging facilities – find out more
In 2014, we started financing EV chargers, we were one of the first companies to do so and have gained valuable experience about your industry. Coupling this experience with our knowledge of our own sector, we can provide a service that is tailored to you and remove any confusion you may have. Whether we are providing finance to the public or commercial sector, brand new start entities or established organisations, Tower are here to guide and support you every step of the way.
Read more about our financing options for electrical vehicle charging points, or contact us at Tower Leasing today.