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British Columbians are up to speed on the many benefits of making the switch to an electric vehicle, from reducing greenhouses gasses to saving on fuel and maintenance costs. In fact, nearly 23% all new light vehicles in B.C.— 27% in Vancouver—are zero-emissions vehicles (ZEVs). For comparison, less than 10% of new light-duty vehicles in Ontario are ZEVs, and just over 7% in Toronto. The total number of EVs on BC roads is expected to quadruple over the next decade, from 195,000 to...
EV charging can be a valuable income stream for your business or multifamily building. With the right location, promotion, and pricing strategies, charging can generate thousands in additional revenue each year. Here, we answer the most frequently asked questions about earning revenue and maximizing profitability from your EV charging operation.How Does EV Charging Generate Revenue?Installing EV charging stations opens multiple revenue streams for operations, including: Attracting more...
Electric vehicle charging is a reliable revenue stream for real estate, equipping commercial and multifamily properties with a must-have amenity for a carbon-neutral economy. As importantly, EV charging also supports the key non-financial aspects of your portfolio that appeal to shareholders and tenants, such as promoting overall sustainability, transparency, and ethical business practices. Read on to discover 15 high-impact ways partnering with Hypercharge can help REITs and portfolio groups...
In our last post, we looked at how real estate investment trusts (REITs) can earn direct revenue through electric vehicle charging. With the right partner, a well-deployed EV charging operation can also power up property values through higher-quality tenants, increased occupancy rates, decreased turnover, and a greater net operating income. Here, we take a closer look at prime locations for EV charging, rounding up the numbers to show where the best opportunities lie across your...
With global EV sales hitting record highs in 2024, now is the time for forward-looking real estate investment trusts (REITs) and other large-portfolio players to increase the value of holdings by installing electric vehicle charging. EV charging stations not only invite desirable tenants, customers, and employees, but are a reliable source of direct revenue — significantly strengthening a property’s position within an evolving market.Prime Locations for REIT EV ChargingREIT portfolios are rich...
Update - June 21, 2025: The current application cycle for the CleanBC Go Electric Public Charger Program is now closed. The original post is below.The Government of British Columbia is investing again in public fast charging—and the latest funding window is officially open. Applications are due by June 20, 2025, so now is the time to get your project moving. Contact Hypercharge today to get a head start on your project. The CleanBC Go Electric Public Charger Program is back with a new round of...
Two things you could count on in 2024: headlines declaring that sales of electric vehicles are shrinking and data that says otherwise. In fact, global sales of zero-emissions vehicles (ZEVs) reached new heights, including record growth in Canada and all-time-high total sales in the United States.Canadian EV Sales: Record GrowthIn Canada, ZEVs steadily increased their market share throughout 2024, hitting 15.4% of all new vehicle registrations by year-end, according to S&P Global Mobility....
The City of Vancouver is rolling out updated business licence requirements for gas stations and commercial parking lots, aiming to increase the availability of electric vehicle (EV) charging infrastructure across the city. Starting January 2026, annual business licence fees will jump to $10,000 for these businesses that don’t meet the new charging standards. If you operate or manage a gas station or a parking lot with 60 or more stalls, here’s what you need to know to avoid higher fees and...
Alberta is making it easier for businesses, municipalities, and condominium corporations to invest in EV charging infrastructure with the launch of a new funding program. Administered by Alberta Municipalities (ABmunis), the Electric Vehicle Charging Program (EVCP) opened for applications on February 5, 2025, offering $1.7 million in funding to help offset the cost of purchasing and installing EV chargers. This initiative, funded by Natural Resources Canada’s Zero Emission Vehicle...