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TruStage RISK Alert: Electric Vehicle Charging Station Risks

One certainty of more people owning an electric vehicle (EV) is that they will need frequent charging. For that reason, more businesses – including credit unions – are making arrangements for the installation of charging stations on premises.

The decision to place a charging station(s) on your property should include
adequate due diligence to avoid pitfalls that may involve risks of property
damage, unforeseen expenses, liability issues, employment practices, and even
reputational risk.

Providing EV charging stations can help meet charging demand and improve the consumer experience, but when evaluating adding EV charging stations, it’s important to understand all the factors. Read the full TruStage RISK Alert to view some basic risks and how to mitigate them.

Read the full alert:

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