As you might expect, the cost of these electric vehicle charging stations increases as the charging speed increases. One of the most significant costs associated with EV charging infrastructure is the cost of the charging equipment itself. Level 1 charging stations are the most basic and least expensive, with pricing ranging from $200 - $1000.
EV charging stations can save money by reducing demand charges and shifting usage from peak to off-peak periods, resulting in potential savings of up to 70%. EVESCO is committed to accelerating the deployment of fast EV charging stations and offers flexible pricing models to suit every business, enabling any location to be turned into an EV charging location.
Factors that will determine the price of these additional costs are grid access, distance from the electrical panel, site readiness, and inspections. Overall with the installation and EVSE costs, installing a Level 2 EV charging station can cost upwards of $10,000, not including the ongoing and regular maintenance of the equipment.
EVESCO offers a unique combination of energy storage and fast charging technology, which increases power output and enables the rapid deployment of fast and ultra-fast EV charging stations without the need for expensive electric grid upgrades. Additionally, EVESCO's optimized energy storage dramatically reduces energy costs when compared to conventional EV charging stations.
Where the building’s electrical power source is located determines the layout of the EV chargers, extend of trenching required and amount of electrical cabling materials. Because the charging station draws electricity from the building’s power source, such as the utility grid, these electrical conduits may require an upgrade.
More than just the hardware, a crucial attribute to a charging station is its interoperability on a network that makes it visible and accessible to drivers. When executed with adequate system support, these smart stations are able to generable operational data to help manage power consumption and optimise revenue structures.