There are already many electric vehicles (EVs) on the UK\u2019s roads, and soon there\u2019s going to be a lot more. By 2035 every new car or van sold in the UK will be fully electric. Before that, in just eight years, sales of new petrol or diesel cars or vans will end. When you think about it, this growth presents a great opportunity for the retail sector. The growing number of EV drivers will need to recharge their vehicles somewhere while they\u2019re out and about. Where better than in a retail park or in a retailer\u2019s car park?\u00a0\r\nForward-thinking retailers who offer EV charge points can reap the rewards that EV charging offers. Incidentally, from June 2022 all new retail parks will be required to install a charging infrastructure under new building regulations in England. By acting now, retailers can grab the available market while others are still in planning mode.\u00a0 \u00a0\r\n\r\nHow retailers benefit from installing EV charge points\r\nCustomer experience is everything in a competitive market. EV drivers who find they can shop and charge at the same time are more likely to choose your retail site over others. They are also more likely to return, especially if you offer faster charge rates than they get at home.\u00a0\r\nWhen EV take up gets into its stride, there will be more and more charge points around. Competition for grid connection will be strong and there are only so many opportunities in strategic locations.\u00a0\r\nRetailers or retail site landowners will most likely install rapid chargers that allow visitors to charge to 80% within 1 hour. So, customers stay longer in your retail park or store while they wait for their EVs to charge. This could be time spent shopping or relaxing over a coffee or a meal. An estate agent who published details of their roll out of EV charge points at retail locations across the UK saw a 50% increase in dwell time and average spend ranging from \u00a336 per visit to \u00a380 for longer stays.\u00a0\r\nRetailers with charging points already installed report impressive reductions in CO2 from visitor travel. Charge points also add more weight to sustainability credentials, making a retailer more attractive for customers and employees, especially when the energy comes from renewable sources. \u00a0\r\n\r\nThere are direct revenue opportunities too\r\nOn a retail site, additional revenue can be generated from a share of the profit on the price the driver pays to charge their vehicle. The more EV charging points there are, the greater the revenue opportunity.\r\nBut EV charging installations need to be tailored for each site, especially to avoid over-installation which can cause local grid constraints. Correct planning and installation, phasing the roll out in line with increased demand and EV uptake, ensures retailers and retail site landowners can optimise the return on their EV charging investment. That\u2019s why the choice of EV charging partner or charge point operator (CPO) is so important. \u00a0\r\n\r\nChoosing a charge point operator\r\nCharge point operators can offer a range of cost and revenue models for retailers and commercial landowners; from fully funded by the CPO, to part-funded, and self-funded by the landlord. Again, it comes down to what is most appropriate for the retailer and their site.\u00a0\r\nMer is a European EV charging company owned by Statkraft, Europe\u2019s largest renewable energy generator. In the UK, we offer electric vehicle charging for commercial landlords, retailers, local authorities, businesses and homes. Our proposition includes zero carbon, 100% renewable energy supply solely from hydro, wind and solar sources.\r\nTo find out more, download our EV Charging Guide for Commercial Real Estate.