How condos earn revenue from charging stations

The question condo committees ask most is "if we don't invest anything, who gets what?" This article explains EVC's revenue model plainly, so you can use it to decide or to present at a meeting.

Who is responsible for what

How the money flows

1. A resident scans the QR code on the charger and charges with the Galvanic app
2. The resident pays in the app with PromptPay or a credit card
3. The payment gateway fee stated in the proposal is deducted
4. The rest is split by the contract ratio: the juristic person gets its share and EVC the remainder, paid monthly with a report of actual usage

The juristic person doesn't collect money from residents, read meters or split electricity bills by unit. The app handles all of it.

Compared with the condo buying its own chargers

A condo that buys its own chargers spends a large sum from the common fund up front, needs its own payment system, handles maintenance itself and carries the risk if chargers break or see less use than expected. With EVC's model, EVC carries those risks. The condo spends nothing from the common fund and gains monthly income.

What makes revenue higher or lower

• How many residents drive EVs. The main driver of charging volume, and it grows every year.
• Number and location of chargers. Easy-to-reach bays get used more.
• The revenue-share rate. Agreed in the contract from the start, clear and transparent.

Questions to ask before signing

• What is the revenue share based on, and on what day is it paid?
• What does the monthly report include?
• How long is the contract, and what happens when it ends?
• How quickly are faults fixed, and who is the contact?
• Is there equipment insurance and third-party liability cover?

See EVC's answer to each in 7 questions to ask before choosing an EV charging provider, or ask the EVC team during the free site survey. See the full process in how to get started with EV chargers in your condo.