How Private Parking Lots and Garages Can Generate More Revenue with EV Charging

The parking industry has always been a steady source of income, but it faces increasing challenges as urban spaces become more competitive. For private parking businesses, traditional revenue streams like hourly parking fees and monthly subscriptions are no longer enough to stay ahead. The growing adoption of electric vehicles (EVs) is creating a new opportunity: monetizing EV chargers for parking.

With more drivers switching to EVs, demand for reliable charging locations is rising. Many public charging stations are often unavailable, inconveniently located, or expensive. 

Private parking lot owners and garage operators who install EV chargers with payment systems can:

✅ Increase revenue by charging customers for parking and charging station usage.

✅ Attract more customers who actively seek EV-friendly parking.

✅ Gain a competitive edge over facilities that lack EV chargers.

Businesses can monetize empty parking spaces by integrating EV chargers for parking and future-proofing their operations. With Killswitch’s free OCPP management system, parking businesses can:

✔ Easily install, manage, and monetize EV chargers.

✔ Use automated payments via QR codes, eliminating the need for additional hardware.

✔ Set flexible pricing models that cover costs or generate profits.

This guide will explore how private parking businesses can use EV charging payments, set profitable pricing strategies, and maximize their parking revenue potential.


Why EV Charging is a Game-Changer for Private Parking Businesses


Increasing Demand for EV Charging Locations

The EV market is expanding rapidly, with millions of drivers needing convenient places to charge while working, shopping, or traveling. The problem? Many public charging networks are overcrowded, unreliable, or located in inconvenient areas.

This is where private parking lots and garages can fill the gap by offering EV chargers for parking. Since most EV drivers plan their trips based on charging station availability, a garage with EV charging will naturally attract repeat customers.


Maximizing Revenue Per Parking Spot

A standard parking space earns revenue only when a car is parked. However, when payment system is added to a charging station, that same parking space can generate additional revenue every time a driver plugs in their vehicle.

For example, a parking facility that charges:

• $15 per day for regular parking

• $10 per charging session

It would increase total revenue per visit to $25 per customer, a 66% increase per space.


Gaining a Competitive Advantage Over Other Parking Facilities

With EV adoption growing, customers are now choosing parking facilities based on charging availability. A parking business that offers EV charging will attract more loyal, high-paying customers than garages that don’t.

By installing EV chargers with payment options, parking lot owners can:

✔ Gain a long-term advantage in the EV market.

✔ Increase tenant satisfaction for businesses renting spaces.

✔ Charge higher rates for premium locations.

 

Monetizing EV Chargers in Parking Lots and Garages



With Killswitch’s free OCPP management system, private parking businesses can:

✔ Implement flexible pricing models to maximize profitability.

✔ Offer different payment tiers for employees, visitors, and tenants.

✔ Automate billing using QR code payments, ensuring a seamless experience for EV drivers.


Choosing the Right Pricing Strategy

Businesses must set the right pricing model to maximize earnings from EV chargers for parking.

Here are three standard pricing models:

• Flat-Fee Charging – Charge a fixed fee per session, regardless of energy consumption.

• Time-Based Pricing – Charge customers by the hour or minute, ensuring efficient charger use.

• kWh-Based Pricing – Charge customers for the amount of electricity consumed, providing fair pricing.


For example, if a private parking garage installs 10 EV chargers and averages 500 charging sessions per month, it can generate:

• $5,000/month at $0.40 per kWh

• $7,500/month at $0.50 per kWh


Managing Payments with Killswitch

With Killswitch’s EV charging payment system, businesses can:

✔ Automate payments via QR codes, eliminating manual processing.

✔ Track real-time charging data, ensuring pricing adjustments based on demand.

✔ Prevent unauthorized access by offering RFID card authentication for employees.


Case Study: A Downtown Parking Garage That Increased Profits with EV Charging

A 300-space parking garage in Los Angeles installed 15 EV chargers using Killswitch’s free OCPP management system.

Pricing Model Used:

✔ Employees paid $0.30/kWh (subsidized rate).

✔ Visitors paid $0.50/kWh (standard rate).


📌 Results:

• EV charging generated an extra $8,000 per month.

• Customer retention increased by 30% as EV drivers returned regularly.

• The facility gained 100+ new customers as word spread that reliable EV chargers were available.


This garage converted empty spaces into profit-generating assets by integrating EV chargers for parking.


Steps to Implement EV Charging in a Private Parking Business


📌 Step 1: Install OCPP-Compliant EV Chargers

Ensure that your chargers are compatible with Killswitch’s free OCPP control system.


📌 Step 2: Set Up a Profitable Pricing Model

Choose between:

• Flat-rate pricing for convenience.

• Time-based pricing for better space management.

• kWh-based pricing for precise billing.


📌 Step 3: Enable QR Code Payments

Activate Killswitch’s EV charging payment system, allowing customers to pay instantly via smartphone.


📌 Step 4: Advertise Your EV Charging Services

• List your parking lot on EV apps like PlugShare.

• Use in-facility signage to inform customers about charging availability.

• Promote on social media and Google My Business.


The Future of EV Charging in Private Parking Businesses


As EV adoption accelerates, businesses that invest early in EV charging solutions will have a major long-term advantage. 


Future trends include:

• Dynamic pricing – Automatically adjusting charging rates based on demand.

• EV reservation systems – Allowing customers to reserve a charging station in advance.

• Solar-powered EV charging – Reducing energy costs by integrating solar panels.


For private parking businesses, EV charging represents a new revenue opportunity that can increase profits and attract new customers. 


With Killswitch’s free EV charging management system, businesses can:

✔ Monetize EV chargers efficiently.

✔ Offer seamless payment solutions through QR codes.

✔ Set pricing models that ensure revenue growth.


Start with Killswitch.cc today and transform your parking facility with EV charging!


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