Driving an electric car can be fun. However, the most frustrating experience of owning an EV is spending time at public charging stations. To overcome this hassle, you can think about installing an EV charging station at your home. It can offer you the freedom to charge the car at the comfort of your home and experience numerous benefits.
The following benefits may be experienced by installing a Level 2 charging station at your residence or rental property:
Your life will be more convenient
Apparently, 80% of electric vehicle (EV) owners charge their cars at home, often overnight. Installing an EV charging station at home encourages people to develop the habit of charging their vehicle overnight, much as they would with a mobile phone. Since you won’t need the phone or automobile while you’re asleep, you can make the most of your leisure and know that you’ll be ready to go when the sun rises. You may also avoid spending hours commuting to a public charger and waiting for your EV to gain sufficient range for your requirements by choosing to build an EV charging station at home.
You can save money
When gas prices averaged $3.50 per gallon, driving an electric vehicle (EV) was already more cost-effective per mile than using gas. But most individuals install an EV charging station at home and use it overnight, when power prices are lower, in order to save money. On the other hand, those who use public charging stations usually use more costly power throughout the day.
Like any companies, the owners of public charging stations include their overhead costs in their charges in addition to recovering the cost of the power. These expenses consist of profits, maintenance, charging station charges, and rent or mortgage payments. Even free public charging stations in restaurants, shopping centres, and other locations come with a cost—both in terms of time and the likelihood that you will make purchases while there.
Another level of consistency that home charging provides is regular pricing. Rates for electricity seldom change, in contrast to gas costs, which may vary greatly over the course of a year. You may compute your cost per fill-up and determine the rate your utility charges at a certain time of day. Since public charging stations are still relatively new, it is difficult to predict whether their prices will remain the same or go up during busy periods like the weekends.
Better for your battery
Limiting the frequency of your usage of a Level 3 fast charger is advised by EV OEMs. Supercharging on a regular basis might weaken an EV battery more quickly than using lower-level chargers, according to studies. when utilizing a Level 3 fast charger has been demonstrated to significantly impact battery life, it doesn’t imply you shouldn’t take advantage of the opportunity to discover an empty fast charger when traveling. Tesla has put a restriction on charging speeds in place for its vehicles if they are supercharged too often.
Using a DC fast charger to only replenish the battery to 80% of its capacity also helps. Only when your battery’s state of charge (SOC) is lower than 80% can fast chargers charge it more rapidly. To prevent overcharging, these units slow down during the last 20%. At that time, you would be receiving a lesser level in exchange for paying for a Level 3 fee. The final 20% of the sum may take virtually as long to add as it took to get to the 80% mark.
Understanding the sort of batter you have and what works best for extending its life is crucial. Not all EV batteries are capable of Level 3 charging.
You can increase the value of your property
Having EV charging stations accessible is a great way for building owners to stand out from the competition and draw in renters. Those who live in multifamily buildings may soon demand the construction of an EV charging station or relocate, since the majority of EVs are charged at home and many automakers are intending to phase out gas-powered automobiles. Over the next year or two, there will be a significant increase in the demand for electric cars.
Like high-speed internet, real estate company CBRE said that it thinks EV charging stations would ultimately be considered standard office amenities. The same will apply to properties with several units. Tenants who live in more affluent neighbourhoods and are inclined to purchase new vehicles will anticipate having access to EV charging at their complex in the near future, if that isn’t currently the case.
In order to satisfy renters who want to install an EV charging station at home even if they live in an apartment, landlords should seize the chance to demonstrate that they are maintaining their premises. In addition to attracting more prospective tenants, a building equipped with charging infrastructure is probably worth more money.
Property owners should also move swiftly since many states and towns provide tax benefits. State incentives for EV sales and EV charging station installations are funded by the federal government. The advantages are substantial, yet incentives differ depending on the jurisdiction and even the utility provided.
Get your EV charger today
This is the EV boom. There are undoubtedly more and more EVs on the roads that you are seeing. You may have started considering purchasing one if you don’t already own one. Selecting an electric vehicle (EV) might be challenging with so many new models entering the market.
Installing an EV charger at your house or place of business will enable you to fully enjoy the convenience of not having to stop for petrol or a battery boost, regardless of the kind of electric vehicle you drive.