As many people support the adoption of electric vehicles (EVs), businesses that invest in EV charger installation can attract more customers and increase revenue. Coffee shops and small businesses that offer EV charger stations in Toronto have the advantage of drawing in EV drivers who seek charging locations while they dine or shop. This strategy encourages longer customer stays, increases foot traffic, and strengthens brand recognition.
EV charger installation provides more than just added convenience for customers—it is a strategic move that benefits businesses financially. As more consumers switch to electric cars, they actively seek locations with electric car charging stations, making businesses with this feature a preferred choice.
A coffee shop or retail store with an EV charging station in Toronto is more likely to draw repeat customers who return for both the charging and services.
Businesses that offer free or low-cost EV charging services tend to see higher customer spending. Studies indicate that EV owners are more likely to frequent places where they can charge while making purchases.
For example, a coffee shop providing free charging can see customers staying for an extended period, leading to additional sales of food and drinks. Similarly, a retail store installing an electric car charging station can benefit from increased browsing time, resulting in higher purchases.
Some business owners hesitate to invest in EV charger installation due to cost concerns, but government incentives and rebate programs can help offset these expenses. The Zero Emission Vehicle Infrastructure Program (ZEVIP) offers funding for businesses in Canada that install EV charging stations in their operating premises. (Reference)
A well-planned EV charger installation can generate revenue directly (through charging fees) and indirectly (by increasing customer purchases).
Several studies and real-world examples highlight the impact of EV charger installation on business foot traffic and customer engagement. Restaurants, retail stores, and coffee shops that have invested in electric car charging stations have experienced increased visits and overall sales.
Coffee Shops
A study by the Rocky Mountain Institute found that businesses near EV charging stations, including coffee shops, saw higher foot traffic as EV drivers looked for places to spend time while their vehicles charged. Many drivers opted to purchase additional beverages and food, increasing per-customer spending. The report highlighted that charging locations with nearby amenities, such as cafés, had a competitive advantage in retaining customers (EV Mechanica).
Retail Stores
Retail businesses near electric car charging stations have seen increased customer engagement. A report from the American Public Power Association analyzed over 4,000 EV charging stations in California and found that businesses near these stations experienced a measurable increase in revenue. Specifically, EV chargers boosted annual spending at adjacent business units by 1.4% in 2019 and 0.8% from 2021 to 2023, with retail locations benefiting significantly (Public Power).
Restaurants
Restaurants have also benefited from EV charger installation, as drivers often choose dining locations that accompany vehicle charging. A case study from Ampd Energy Solutions found that a restaurant that installed charging stations saw increased reservations, particularly from EV owners who prioritized locations with charging facilities. The report emphasized that these customers tended to stay longer, leading to higher spending per table (Ampd).
Businesses installing electric car charging stations earn a higher return on investment (ROI) than direct revenue from charging fees.
Key ROI Benefits:
For coffee shops and small businesses, investing in EV charger installation in Toronto is a smart move that increases customer loyalty and business growth.
Businesses that offer EV charging position themselves as convenient destinations for EV owners, leading to increased foot traffic and higher sales. Installing an electric car charging station attracts new customers and encourages more extended visits and repeat business. With government incentives helping offset costs, the investment in electric car charger installation offers immediate and long-term benefits.
For businesses interested in EV charger installation in Toronto, Canadian Wire Wizards provides professional installation services for commercial properties. Investing in electric car charger installation today can lead to stronger customer engagement and sales growth in the future.
Contact Canadian Wire Wizards today to learn more about EV charging options and other necessary upgrades.