The global adoption of electric vehicles is happening very fast. Electric cars are becoming a preferred choice for many people due to their efficiency, convenience, and environmental friendliness. Since E.V.s can only operate by using a charging station, there is a significant demand for such facilities.

However, installing charging stations can require a large financial commitment from businesses, apartment buildings, and other institutions. That's where financing or a lease-to-own option can come in!

State of the electric vehicles market and charging station allocation

When the E.V. market emerged in 2010, it was ever-growing, with more and more electric vehicles sold yearly. In 2012 and 2021, E.V. sales doubled the previous year's caps. The COVID years slowed down the potential growth of E.V. sales worldwide. Still, the following year showed that people had positive expectations of electric cars, and their sales growth is now exponential, indicating a promising future for the electric vehicle market.

If only 20,000 EVs were sold worldwide in 2010, then in 2015, 1.25 million had found their owners. In five years, the total number of electric cars sold globally reached 10 million; by the end of 2023, there were already 40 million.   

Trends indicate that sales will continue to grow as consumers become more environmentally conscious. Serving these vehicles will require a widespread system of charging stations across the country, not just in individual states, as is the case today. There are 231,000 public E.V. charging stations and outlets in the U.S., with California outpacing all other U.S. states. Therefore, investing in the development of the charging infrastructure is necessary now to reap the dividends shortly.

Why going electric is a good deal, and how financing can help smooth the transition to electric infrastructure

Many companies may be discouraged from switching to electric transportation due to the high cost of installing charging stations for electric vehicles. However, this could result in a loss of competitive advantage and a negative environmental impact. By using electric vehicles, you can significantly contribute to a cleaner, greener future.

Financing allows you to spread the cost of electric vehicle charging stations over a more extended period of time, reducing the overall cost. It can help you:

Lower upfront costs: Installing charging stations has high upfront costs; however, if one uses financing or leasing, then that can preserve your capital and apply it towards other operating expenses

Increase competitiveness: By providing electric vehicle charging stations, you can attract customers, employees, and business partners who value green transportation.

Build a loyal customer base: Easy access to electric vehicle charging stations can encourage repeat business and customer loyalty.

Promote environmental projects: Help reduce greenhouse gas emissions and encourage greener growth.

Take advantage of tax benefits: In the U.S., owners of electric vehicle charging stations may be eligible for tax credits.

Imagine your business becoming greener, attracting new customers and partners, and making significant financial savings. With the right financing, electric vehicle charging stations can be a sustainable choice and a smart financial investment, bringing you long-term benefits and a competitive edge in the market.

Let's go electric together!

Capital MBS offers various financing options, including lease-to-own and straight financing. If your FICO is 640 or above, we have options for a 0-20% downpayment. Our knowledgeable experts will walk you through the entire process and help you choose the best option.

Save your time! Contact us today for a free consultation to learn more about financing for electric vehicle charging stations.

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Don't let high costs keep you from going electric. With electric vehicle charging station financing, a future that moves forward is closer than you think!