EV charging as a service

In the charging-as-a-service (CaaS) business model, EV owners pay for charging their cars without actually owning or managing a charging point. Instead, a third party owns the charging stations and sells charging services. CaaS companies typically provide both the charging station hardware and back-office services, such as billing and maintenance, as a turnkey solution for customers who want to have charging stations installed. Payments can be made through contracts or pay-as-you-go arrangements for electricity used at fixed or variable rates. CaaS companies can include retailers, municipalities and businesses with parking slots for guests and employees.

The CaaS business model lowers the upfront ownership costs of chargers and software for consumers, eliminating a potential barrier to greater EV adoption. It also allows service companies to contribute to a wider and more rapid uptake of EVs, which will quicken the electrification of the energy infrastructure.