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The number of electric vehicles (EVs) is gradually growing across the globe, and the charging infrastructure for these vehicles continues to expand. By 2019, there were an estimated 7.3 million EV chargers worldwide, of which about 6.5 million units were private, installed by homeowners and those found in workplaces and apartment buildings.
With this new trend, and with electric cars becoming more affordable, it becomes prudent to consider installing a charging station on the premises of your business or at home. This will give you total control over when your car gets to charge. But how much does it cost to install an electric vehicle charger?
Electric Car Charging Station Costs
Several factors influence the cost of installing a charging station at home or in a specific location. The key factors include the output design and the charging type. Where you are looking to install the charging port as well as the person you hire to do the job and the cost of labor will also determine the overall cost.
There are three types of charging stations – Level 1, Level 2, and DC (direct current). The ratings for these three charging levels are as follows:
• Level 1: These are the standard electronic vehicle charging infrastructure with 120-volt single-phase AC of up to 16 amps. They are, however, limited to 12 amps and can deliver up to 1.9-kilowatt (kW) charge rate or about 5 miles of range per hour of charging. Level 1 units can be used with the standard household wall outlets since 120-volt outlets are readily available.
• Level 2: These types require a unit of 240 volts, and they allow for a wide range of charging speeds. With up to 80 amps power rating, they can deliver up to a 19.2-kilowatt charge rate or up to 60 miles of range per hour of charging time. This makes it one of the most suitable charging stations for most electronic vehicles. Level 2 EV chargers require exclusive charging equipment and a dedicated electrical circuit of 20 to 100 amps.
• DC Level 3: These charging stations use a 480-volt unit and can provide up to 80% charge in only 30 minutes. This is equivalent to 249 miles per hour of charging. They are, however, not compatible with all vehicles.
The costs of installation for these charging equipment also vary significantly. For example, the Level 1 charger costs between $300 to $600 before labor, which stands at about $1,000 to $1,700. The Level 2 charger goes a bit higher, with the cost increased to between $500 and $700 and labor costing about $1,200 to $2,000. For Level 3, you will need a whopping amount between $20,000 and $50,000 for parts, and labor could cost upwards of $50,000. It is worth remembering that if the installation process requires major electrical upgrades to your home, it could cost you more.
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