Are EV Charging Stations a Profitable Business Venture? M&K Imports Shares How to Create a New Revenue Stream With a Full Turn-Key Solution

Open Market For Entrepreneurs

As EVs become more common on the road, many aspiring business owners look to start an EV charging station as there is immense value prevalent in EV public charging infrastructure. However, it’s crucial to keep in mind that there are a range of options when developing your business model for sustainability and profitability.

Although businesses want to develop a new revenue stream while providing EV charging to their customers, most are unsure of the requirements or where to begin. 

Filling The Gap Is M&K Imports

A minority-owned business known for offering its customers the best turn-key electrical installation services and solutions is M&K Imports. They partner with industry-leaders and experts in the sector to show their clients how to create new revenue streams for their businesses.

The company, headed by founder Keith Del Valle and National Sales Director, Mike Bennett, has overseen electrical installations worth over $30,000,000. They also employ over 20 project managers to ensure a high standard of delivery. 

According to a recent study, the global EV charging station market size is set to surpass $115 billion by 2028. For business owners looking to venture into the EV charging market, taking the right steps to build it in a sustainable way will be the key component that sets them apart from the rest.

Process & Purpose

To help businesses achieve this, M&K Imports go through a comprehensive and detailed discovery process with their clients to ensure they are providing them with the right solution. To them, it is crucial to inform customers in such a way that they fully comprehend how EV charging stations may impact their businesses and the communities in which they operate.

To M&K Imports, no project is too big or too small. They may help clients set up a nationwide charging network or offer 1-2 chargers. 

Mike and his team helped a client make their return on investment in under a year, after the client struggled to make an ROI with a different company they were with for 4 years. This was due to the more in-depth discovery process and empowering them with the right tools to create a sustainable and profitable business in the long term.

The company has gone on to create other wins and successes for their clients. Mike shares “we found incentives for several projects that covered over 30% of the projects. Previously they were unaware of the incentives.” 

It is apparent worldwide that consumer interest and adoption rates for EVs are rising globally. A full turn-key solution such as the solution offered by M&K Imports is viewed as the most suitable and economical way for businesses and municipalities to offer EV charging to their communities while contributing to the development of the infrastructure. This will not only help the businesses’ long-term revenue growth but have them stand out and thrive in one of the world’s fastest-growing marketplaces.