Furthermore, high-power direct-current (DC) charging piles, which are unsuitable for home installation, can provide much faster EV charging, making them ideal for urban areas, such as Madrid and Manhattan, where parking costs are high (Faria et al., 2014).
On the contrary, if it is a newly-built EV charging station, because of the high investment cost of land and construction, AC charging piles only account for a small proportion, and DC charging piles with strong profitability are the main ones. 4.3.2. BEVs and PHEVs
If it is just to serve the customers of the business districts and the residents of the communities, the AC charging pile is enough to serve consumers and does not need expensive DC charging piles. Therefore, there are many AC charging piles in shopping malls and residential areas, and the land cost is not high.
The endogenous relationships among EVs, EV charging piles, and public attention are investigated via a panel vector autoregression model in this study to discover the current development rules and policy implications from the historical panel data in China.
The promotion effect of direct-current charging piles on EV sales is twice that of alternating-current charging piles in the one-year simulation of our model. Increasing the number of EV charging piles has a significant impact on battery electric vehicle sales but not on plug-in hybrid electric vehicle sales. 1. Introduction
Therefore, a higher commercial land price, which reflects the prosperity of local businesses, might be a better environment for the promotion of AC charging piles but not for DC piles.