Electric vehicle adoption creates new revenue opportunities for the $13 billion parking industry through fast-charging station partnerships. Parking garage owners can attract new customers and generate additional income by installing EV charging infrastructure.

The EV market is experiencing rapid growth, with projections showing 2.6 million new EVs by 2025. Bloomberg New Energy Finance predicts that half of all vehicles will be electric within twenty years, supported by government initiatives like California's ban on gas vehicle sales by 2035.

Understanding EV Charging Options:

• Level 1 (L1): Slowest, home charging (~20 hours for full charge)
• Level 2 (L2): Medium speed, home/work charging (~5 hours)
• Fast Charging: Fastest option (~30 minutes for 90 miles)

Benefits for Parking Garage Owners:

• Attracts new customer segments
• Creates high-turnover revenue opportunities
• Serves growing rideshare market (Uber/Lyft)
• Fills revenue gaps from declining traditional parking
• Zero installation and maintenance costs when partnering with EVgo

The Rise of Electric Rideshare:

• Uber and Lyft have set zero-emission targets
• Drivers increasingly choose EVs to reduce operating costs
• Creates consistent demand for fast charging
• Airport parking locations particularly benefit from rideshare driver traffic

EVgo Partnership Advantages:

• Covers all costs (installation, design, engineering, permitting)
• Handles ongoing maintenance
• Provides turnkey solution for garage owners
• Extensive experience with major automotive partnerships
• Largest public fast-charging network in the US

The transition to electric vehicles represents a significant opportunity for parking facility owners to adapt their business model and capture new revenue streams while contributing to sustainable transportation infrastructure.

To explore parking facility charging station installation, interested owners can visit EVgo.com and submit an information request under "Site Hosts."

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