Should you monetise your EV charging point?
Electric vehicle (EV) charging points have become a hot topic in the world of EV ownership. You should consider installing a home charger whether or not you drive an electric vehicle. By doing this, and by using a peer-to-peer network like JustCharge or Co Charger, you will also generate extra income in addition to future-proofing your home.
Peer-to-peer charging, often known as community charging, is not a new concept. In fact, many early users have had to rely on each other as the electric vehicle community is a friendly and hospitable group. They have also had to pave the way for the rest of us to adopt EVs.
Currently, the three main conditions for purchasing and EV are 1) a large budget for purchasing an EV car 2) the readiness to adapt to a new driving style and habits and 3) a private driveway that will accommodate the installation of a home charger.
The cost difference between EVs and fossil-fuel-powered cars has significantly shrunk. Little change of driving habits is required. However, more than 50% of British drivers lack access to a private driveway as in some situations, the driveway is either completely absent or rented.
For all drivers, community electric vehicle charging is the ideal option since it lowers the financial burden of considering an electric vehicle switch and creates a second charging network to ease the “range anxiety” that still permeates the EV narrative.
What’s the best peer-to-peer EV charging network?
Different peer-to-peer charging networks have different impacts on their communities. Plugshare and Bookmycharge– that operate internationally- are advised for long distance EV travelers who want to have an available charging slot when they reach their destination. However, these networks have complaints about availability as the charging points are used on a first come first serve basis.
On the flip side, Co Charger and JustCharge are more concerned with neighbors giving local tenants, flat dwellers, and tourists access to a point to make the entire area greener and cleaner.
What are the benefits of using a community EV charging network?
For people who desire to drive electric vehicles, community charging not only provides excellent financial and time-saving alternatives but being a member of a community charging platform gives those who own charging stations a means to recoup some of their investment.
Beginning in July 2022, builders of new homes will be required to include a domestic EV charger. Even if you don’t actually drive an EV, installing an EV charging station will probably increase the value of your property if you’re considering selling it. Regardless of how you look at it, communal charging seems to provide a variety of practical, cost-effective alternatives as we move toward greater use of electric vehicles.