The age of electric vehicles is here, as many people have started to prioritize EVs over traditional automobiles, resulting in increased demand for EV charging stations. As a business owner, you might be wondering if it is the right time to invest in a charging station and how EV charger installation works. Becoming a part of the EV charging network offers various benefits to your business—the ability to attract one of the country’s fastest-growing market groups is the most prevalent one.
How much does it cost to install an EV charger?
The EV sector is expanding as a whole, and so is the need for home chargers and public EV charging stations. That is why it is critical to evaluate how much it costs to install an EV charger. The cost varies depending on your choice of EV charging installation company and if the installation is for personal or public use. L1 chargers are available at the price point of $300 to $600, while L2 chargers range from $500 to $700. Installing a L3 DCFC charger would cost between $20,000 to $50,000.
Factors to consider before the commercial installation of EV chargers:
There are numerous factors that an investor has to consider before executing the process of EV charging installation, such as:
Compliance (To make sure that chargers are fully certified)
Charging levels (Level 1,2 or 3)
The right number of charging stations
Long-term value (Services and experience)
Types of EV chargers available in the market:
There are three types of EV chargers available on the market right now, each with a distinct charging level. Here’s some further information:
A standard 120-volt outlet is used for Level 1 charging. Any electric car or plug-in hybrid can be charged by connecting a Level 1 charger into a standard wall socket. Due to the smaller battery size of plug-in hybrid electric vehicles (PHEVs), level 1 charging is sufficient to charge them adequately. It adds 3 to 5 miles of range each hour.
Level 2 is the most widely used level for regular EV charging. Level 2 charging stations can be installed in homes, workplaces, and public venues such as shopping malls, railway stations, and other sites.
Depending on the charger’s power output and the car’s maximum charge rate, Level 2 charging can replenish between 12 to 80 miles of range per hour. Most BEV owners install Level 2 charging stations at their homes since they charge the car up to ten times faster than Level 1.
Level 3 charging station can recharge an EV at a rate of 3 to 20 miles per minute. In contrast to Levels 1 and 2, which use alternating current (AC), Level 3 charging uses direct current (DC). The voltage is also considerably higher than that of Level 1 and Level 2 charging. Very few households have the high-voltage supply necessary for level 3 charging since it requires special equipment that is only available in public EV charging stations.
Current Dealers is eager to install EV chargers at your home, workplace, or start-up
Current Dealers, a turnkey electric vehicle (EV) charging solution, provides market-leading services for installing and upgrading EV chargers. Our competent team guarantees to handle all aspects of the installation process, and as an organization, we are working tirelessly to make the mass-market adoption of EVs possible. We are passionate about the electric future and cannot wait to help you get there.
At Current Dealers, we inspect all local regulations, get all the permissions needed, create plans, and decide if any utility improvements are required. From consulting on compliance concerns and engineering needs to analysis and establish whether the project is viable, Current Dealers fulfill all your needs.
Current Dealers also provide you with a simple three-part solution to EV charging, including a facility assessment, charger installation, and ongoing service. Contact Current Dealers now and start your journey to owning an electric vehicle charging station.