The ROI of Workplace EV Charging: What Business Owners Need to Know
As electric vehicles (EVs) become increasingly mainstream, business owners across the country are starting to explore how EV charging stations can be integrated into their workplace infrastructure. Once considered a futuristic perk, workplace EV charging is rapidly transforming into a valuable business asset that drives tangible returns. From boosting employee satisfaction to unlocking government incentives, installing EV charging stations offers more than just environmental goodwill—it makes strong financial sense.
In this blog post, we break down the key reasons why EV charging is a smart investment for businesses, how to evaluate the return on investment (ROI), and what to expect in terms of costs, benefits, and incentives.
1. A Competitive Edge in Talent Retention and Recruitment
In today’s competitive job market, workplace perks go beyond the standard healthcare and retirement benefits. Employees are looking for companies that reflect their values and make daily life more convenient. Offering EV charging stations is an increasingly desirable amenity, especially for employees who own or are considering purchasing an electric vehicle.
Here’s how EV charging boosts employee satisfaction:
Convenience: Employees can charge their vehicles during the workday without having to make additional stops.
Cost Savings: Free or discounted charging is a valuable financial perk.
Sustainability: Offering EV charging reinforces your company’s commitment to the environment, a major plus for eco-conscious employees.
According to a report by the U.S. Department of Energy, companies that offer EV charging often see improved employee retention and greater overall job satisfaction. (Source)
2. Unlocking Government Incentives and Tax Credits
One of the most compelling reasons to install EV charging stations at work is the availability of federal, state, and local incentives that significantly offset upfront costs.
Federal Tax Credit: The Alternative Fuel Infrastructure Tax Credit (26 U.S. Code §30C) allows businesses to claim up to 30% of the cost, up to $100,000 per site, for installing EV charging equipment. This credit was extended through 2032 under the Inflation Reduction Act. (Source)
State and Local Incentives: Many states offer additional rebates, grants, and incentives for commercial EV charger installations. In Massachusetts, for example, businesses may be eligible for:
MassEVIP Workplace Charging Program
Utility-sponsored Make Ready Programs
These incentives may cover installation, infrastructure upgrades, or the cost of the charging units themselves. In some cases, businesses can install charging stations for little to no upfront cost after applying available credits. (Source)
3. Understanding the Cost of Installation
The cost of workplace EV charging installation varies depending on several factors, including:
Number of chargers
Type of chargers (Level 2 vs. DC fast chargers)
Site layout and electrical infrastructure
Permitting and labor costs
Average Cost Breakdown:
Level 2 Chargers: $3,000 - $7,000 per port (plus installation)
DC Fast Chargers: $30,000 - $100,000+ per unit
(Source)
While this may seem like a significant upfront investment, when you factor in available rebates and the long-term benefits, the ROI becomes clearer.
4. Revenue Opportunities and Cost Recovery
Workplace EV charging doesn’t have to be a sunk cost. Many companies implement cost-recovery models by:
Charging a usage fee for non-employees or public users
Billing employees for electricity consumption at a discounted rate
Partnering with networks like ChargePoint or EVgo that manage access, pricing, and payment
Over time, these revenue streams can help offset the initial investment and even generate ongoing income. Additionally, businesses may qualify for carbon credits or clean energy credits, depending on their region and reporting structures. (Source)
5. Boosting Your Brand and ESG Performance
Environmental, Social, and Governance (ESG) performance is becoming a top priority for businesses of all sizes. Investors, clients, and employees alike are scrutinizing companies for their environmental impact and sustainability practices.
Adding EV charging to your workplace is a visible and measurable way to enhance your ESG profile. It also allows you to:
Reduce your carbon footprint
Comply with green building certifications (e.g., LEED)
Enhance your sustainability reporting for stakeholders
Companies that proactively embrace sustainability are increasingly seen as industry leaders and preferred partners by both clients and vendors. (Source)
6. Preparing for the Future of Transportation
The adoption of electric vehicles is accelerating. According to BloombergNEF, more than half of all passenger car sales will be electric by 2035. Installing workplace EV charging stations now puts your business ahead of the curve. (Source)
Early adoption also ensures:
Infrastructure is in place before demand peaks
You avoid higher costs later when installation is more urgent or competitive
Your business is aligned with future transportation trends
This long-term thinking is especially important for commercial property owners and employers looking to attract future-ready tenants and employees.
Conclusion: Is Workplace EV Charging Worth It?
When weighing the benefits, it’s clear that installing EV charging stations at your workplace is more than a feel-good sustainability project. It’s an investment with tangible returns in:
Employee happiness and retention
Financial incentives and tax credits
Long-term revenue potential
Brand value and sustainability performance
With government support, rising EV adoption, and the growing demand for clean energy solutions, now is the ideal time to act. Re-Volt Charging can guide your business through every step of the process, from site evaluation to permitting, installation, and maintenance.
Get started today with a free on-site consultation and make EV charging part of your business growth strategy.