Airbnb hosting has grown into a very competitive marketplace. Hence, you need to pull in every single advantage that you can get over your rivals without compromising on your price point.
Some hosts go above and beyond to ensure their guests have the finest experience possible, in addition to keeping the home clean, constantly being available for the guests, doing basic maintenance, and even providing personalized gifts. Even though all this extra effort pays off handsomely and frequently results in successful feedback studded with five stars, Airbnb hosts still find it challenging to justify increased listing costs.
Providing an additional amenity that your competitors are unlikely to provide is a wonderful approach to improving your guests’ experience. You will attract a rising throng of electric vehicle (EV) owners if you provide a private EV charging station at your Airbnb rental. Electric cars are here to stay and dominate. A study suggests that 30% of Californians are expected to convert into EV owners by the year 2030. More charging stations will inevitably be required to accommodate all of these electric cars, and installing EV charging at an Airbnb rental is an excellent location to do so.
How To Make Money With EV Charging Station?
Simply installing an EV charging station make your Airbnb hosting experience premium and will blow your competitors off the block. Here are 3 ways how you will make money with an EV charging station as an Airbnb host.
1. Attract EV owners on a vacation.
Planning and stopping for charging can be a challenge for EV drivers on lengthy trips. Fortunately, most EVs nowadays can charge in 30 minutes or less. As a result, EV charging at Airbnb is extremely valuable to EV drivers. They may eliminate a whole charging session from their route by charging at Airbnb. This can save a lot of time. Indeed, EV drivers are highly likely to be prepared to pay more for the Airbnb listing in exchange for this convenience.
2. Process Payments From EV Charging.
When it comes to paying for the power from the EV charger, you have two options: you or the guest. If you pay, you might increase your listing fees and offer the EV charging as a complimentary add-on. If you do not want to cover the electrical charges, you can have the guest pay directly at the station.
However, in that case, you will need a particular sort of charging station that can accept payments. You can adjust the cost of using the charger to meet the electricity costs so, that’s another plus point for you.
3. Earn Brownie Points With Your Eco-Friendly Guests.
Your guests will be impressed by the listing’s sustainability features and will probably make your Airbnb their permanent choice of residence whenever they are visiting. By providing EV charging, you will demonstrate to your guests that you care about the environment.
FREQUENTLY ASKED QUESTIONS (FAQs)
Q. How do electric cars charge?
A. To keep charged, most EV drivers connect to a charging station every time they park. Drivers may need to charge while on the road, which requires the use of higher-powered chargers. Depending on where you are, you may begin charging by plugging in or using an app, a contactless card, or an RFID card.
Q. How do I add a ChargePoint to my wallet?
A. You can set it up a ChargePoint to your wallet through your account settings. The process differs across iPhones and Android phones, so follow the instructions in your app. After you’ve configured the tap to charge, use the app to locate a charging station.
Q. Is EV charging business profitable?
A. According to one E Source poll, EV owners were willing to pay up to $3 and $4 per hour to charge their vehicle even though charging at home costs only $0.75 per hour. As a result, EV charging stations are likely to outperform gasoline stations in terms of commercial profitability.
Q. How much does it cost to build an EV charging station?
A. The cost varies on different factors however, approximately a single EVSE device costs between $300 and $1,500 for Level 1, $400 and $6,500 for Level 2, and $10,000 and $40,000 for DC rapid or Level 3 charging. The cost of installation varies widely depending on your location, with an average price range of $0-$3,000 for Level 1, $600-$12,700 for Level 2, and $4,000-$51,000 for Level 3 or DC charging. For more information, take our pricing details and rebate eligibility quiz.