11 December 202312 March 2024

Retail spaces can profit from our asset-based EV charge point offer

EA Net Zero (EA NZ), our specialist low carbon division, has launched an asset management solution to help retail parks improve the offer to consumers by growing their EV charge point capacity with no upfront cost.

Our proposition makes it easy for retailers and retail park operators to install the latest charge point technology without any capital expenditure while benefiting from our expert design, installation, and maintenance support. Under the arrangement, EA NZ owns and manages the technology in exchange for monthly rental payments, while retail spaces gain access to a new revenue stream.

We know that there are a number of design, installation and compliance hoops to jump through for any organisation looking to provide EV charge points for end users.

Thanks to our in-house expertise and track record in asset management, utilities construction and network adoption, we’re uniquely placed to provide a ‘one-stop-shop’ covering everything from financing to network connection and charge point installation and operation. We think of it as ‘charge points as a service’, where everything is delivered through a rental agreement, with no upfront costs whilst unlocking a revenue income opportunity for our customers.

Future-proofed technology

EA NZ offers a mix of rapid-fast and ultra-fast EV charging units from 7kW to ultra-fast 360kW. A digital dashboard provides site owners with 24/7 access to charge point data, revenue generation reporting and management information.

Last year, research by Drax suggested that average retail park connectivity comprises four EV charge points, whereas keeping pace with demand even today requires installing the technology in one in 10 parking spaces to cope with an average stay of two hours. And, with National Grid predicting EVs will account for one-third of all road vehicles by 2030, this demand is only going to increase.

The direction of travel is firmly towards the electrification of vehicles, and there is a growing expectation among consumers for EV charge point provision. Retail spaces capable of satisfying this demand will create a competitive advantage for themselves and make it easy for people to ‘park and charge’ while supporting wider sustainability goals.

Our model also means there’s no risk to our customers of ‘stranded’ technology because we own the charge point infrastructure.

A growing market opportunity

Ownership of electric vehicles will accelerate in the coming years, despite the UK government announcing a revised deadline for the phasing out of new petrol and diesel cars.

This is because the government-mandated quota for electric car sales remains in place – meaning that next year 22% of vehicles sold must still be electric…80% by 2030. As a result, the ‘push’ for manufacturers to grow EV adoption remains, which means, of course, that demand for charge point infrastructure will also continue to accelerate.

Further info on our offering can be found here, or fill out our 2-step form and our experts will get back to you.

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