With increasing focus on sustainability and being eco-conscious there has been an undeniable rise in EVs (electric vehicles) in the UK. With this shift comes the requirement for increased electric vehicle charging infrastructure in the UK.

For businesses across sectors including hospitality and homeowners, this increase in electric car ownership presents an opportunity to not only embrace eco-friendly practices but also to tap into a growing market and additional audience.

In this post, we will discuss the different types of ownership options available at Recharge Connect to prospective EV charge point owners.

Host Ownership Model (Shared)

With the Host Ownership Model, you would partner with a third-party network provider such as Recharge Connect, who would handle the installation and maintenance of the EV chargers on your premises.

With this ownership model, typically you (as the host) would provide the space for charger installation however it is the handler/provider who takes care of the associated costs, including installations, equipment, maintenance, and even customer service.

The host ownership model tends to be the favoured choice for the hospitality sector including hotels, restaurants, and shopping centres where they are looking to gain additional eco-conscious clientele. It’s also an attractive ownership model for businesses that are looking to offer EV charging amenities for their workforce with minimal responsibility and financial outlay. 

Key advantages of the Host Model: 

• Zero up-front costs 
• Minimal operational responsibility 
• Can be a potential revenue stream providing supplementary income 

Lease Ownership Model (More Flexible Agreement)

With a Lease Ownership Model, you, as the host, would agree with the charger provider to lease the EV charge point equipment for a specific time period. Over this time you retain operational control over the chargers, paying a lease fee to the provider.

The lease ownership model is generally favoured by medium to large businesses.  

Key advantages of the Lease Model: 

• Lower up-front costs – Cost is spread over the lease period 
• Flexibility of lease terms and chargers 
• Potential option to purchase at the end of your lease

Purchase Ownership Model (Long-Term Investment)

With the Purchase Ownership Model, you as the host, would own the EV charging equipment and take on responsibility for installation, operation, and maintenance. 

Purchase ownership is the ideal choice for large businesses looking to have direct ownership of electric charging stations to boost sustainability efforts and empower employees or potentially generate additional revenue and enhance brand awareness. 

Homeowners as well may look to go down the ownership route purely for the simplicity of owning their own EV charge point for personal use. 

Key advantages of the Purchase Ownership Model: 

• Complete ownership and control
• Long Term Savings with no ongoing lease payments 
• Customisation Opportunities: including speeds and compatibility. 

When deciding on the best route of ownership for your electric vehicle charge point you should be considering upfront costs, the amount of responsibility you wish to have over the EV solution, and your long-term objectives for ownership. 

Whether you choose the Host, Lease, or Purchase model, Recharge Connect is the ideal partner to help you set up the infrastructure and unlock the potential revenue streams and potential grant cost savings. 

Take the next step in your sustainability journey by exploring ownership options for EV charge points with Recharge Connect. Get in touch with our team today to discuss the ownership options which may suit you, and find out more about our offering.