The Cost of Electric Charging Stations
Many people wonder why it costs more to use a rapid charger than a home charger. If you need to deliver a lot of power over a short period, the infrastructure to supply this must be greater. Factors including the size of the cables, civil work to construct a site, and the street furniture needed (including chargers) will all be different.
Where fast charging is used the hardware is less costly, more agile, lighter, and less cumbersome. Also, the power needed to bring it to the site is very different. There is an inequity for people who can only access public charging stations because it will always be more expensive.
If you were to break down the costs of rapid charging, there are two main areas:
● ???? The cost of energy (the electricity that goes into the charger)
● ???? The cost of the infrastructure (hardware and building the site out)
In addition to the charging hardware, the costs of building out the site can include:
● ???? Civil works
● ???? Bay markings
● ???? Bay painting
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● ???? Bump stops
● ???? Protection barriers
● ???? Site signage?
Installers must factor these things into the infrastructure to achieve longevity. Also, some of these are vital to minimise any accidental damage to the charger/site. Although businesses put many preventive measures in place, accidents can still occur. Drivers can sometimes collide with hardware.
Regular maintenance of the EV charging stations is critical to offer EV drivers the best possible EV charging experience. For example, in our survey, we discovered?36% of drivers were unable to access charging?because the charging station was broken or out of order.?
There are also proactive and reactive costs to maintain and operate the chargers. The bigger and faster you want the charger, the more expensive it will be onsite. For example, when your business provides access to faster and rapid charging rather than ultra-rapid charging. The costs of charging an EV will stay lower.
Funding EV charge points
At SMS, we offer a fully funded solution, so you can set aside any concerns about costs. We fund the entire project, handling everything from planning and grid connection to smooth operations, whilst you receive a fixed amount or a share of the revenue in return. Additionally, you may also be entitled to a?grant from the government?for your EV charging station.