This is especially true for level 3 EV charging stations. The maintenance on level 3 charging stations can range from $2,000 to $3,000 annually.Īs a result of ongoing maintenance, the true cost of ownership for EV charging stations can be significantly higher than just the initial installation. Property managers can expect to pay around $300 per year for maintenance on level 1 and 2 EV charging stations. To keep them running efficiently, EV charging stations require service. This is because EV charging stations are no different than the electric cars they power. While EV charging station equipment pricing is straightforward, there is a cost of ownership. There are very few reasons, other than being an amazing property amenity, for commercial or multifamily properties to invest in level 3 EV charging stations.Īdditional EV Charging Station Installation Costs
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Level 3 or DC Fast Charging stations are almost typically found at car dealerships, commercial charging stations and rest stops. The ChargePoint Express 250 is appropriately named because it charges up to 250 miles of range in 60 minutes. While a level 2 station recharges an electric vehicle in 4 to 8 hours, some level 3 EV charging stations can do it in less than an hour. Level 3 EV charging stations refer to DC Fast Charging, which offer the fastest charging speeds.
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This is because the equipment costs are significantly higher plus they require the utility company installing a transformer. The average cost of a fully installed level 3 EV charging station is around $50,000. These are the most common types of EV charging stations found in apartments, parking garages and public parking lots. Level 2 charging stations run on 240v hookups and typically charge an electrical vehicle in 4 to 8 hours depending on the make and model. These are often the most efficient and economical EV charging station option for residential, commercial and multifamily applications. Previously noted above, the average price of a level 2 EV charging station is $6,000. As EV technology continues to improve, there is a strong chance level 1 EV chargers become obsolete at some point in the future. This is not just because of slow charging times. For many commercial and multifamily properties, Level 1 EV charging stations are not a viable option, despite being the most affordable EV charging stations. They run on 110v hookups and can take up to 43 hours to charge a vehicle to 250 miles of range. Level 1 charging stations are commonly used at single family homes by individual electric vehicle owners.
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This is because they offer the slowest charging times. The average price of a level 1 EV charging station is under $3,000. While they are commonly referred to as level 1, 2 and 3, the true rating is based on kilowatts and how fast they charge vehicles. This is broken down into three different levels. The average price of an EV charging station really depends on the level of charge it provides. If often makes sense to get an installation bid from a qualified electrician before purchasing equipment.Ĭomparing Level 1, 2 and 3 EV charging stations Older properties might require 100+ feet of conduit and wiring, installing a new circuit breaker or even worse an electrical panel upgrade. Running 20 feet of conduit and wiring to an existing panel with capacity to handle the charger can take less than 3 hours.
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Installation materials drive cost because a property’s electrical infrastructure determines how difficult it will be to install an EV charging station. At some properties it can take 2 hours, at others it could take over 20. Unfortunately there is not set amount of time it should take to install an EV station. Depending on location their labor costs can range from $70 to $100+ per hour. Installation should only be performed by a licensed electrician. Installation costs can be broken down into two categories, time and materials. Since EV charging station equipment costs are static, the major cost variable is installation. Installation Drives EV Charging Station Costs While the average cost of an EV charging station is $6,000, there are many ways this number can be significantly higher or lower.
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Higher end level 2 EV charging stations can run $10,000 to $13,000 fully installed. Lower end equipment with minimal installation requirements can cost around $2,500. The average cost to purchase equipment and install a commercial grade, level 2 EV charging station is around $6,000. Average EV Charging Stations Cost $6,000 Installed