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Electric Vehicle Charging Stations

April 19, 2022
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WRITTEN BY Dr. Tomy Granzier-Nakajima

Executive Summary 

In 2021, electric vehicle (EV) sales in the U.S. more than doubled compared to the previous year, totaling 4.5% of U.S. car sales. Future needs assessments predict that more EV charging stations will be needed to support increasing EV sales. Since 2015 the number of EV charging stations has more than tripled. Currently, there are ~50,500 EV charging station locations in the U.S, and most are located in large cities. House Bill 1584 in the 2022 legislative session would require any political subdivision that requires the installation of EV charging stations or related infrastructure to pay for all costs associated with installation, maintenance, and operation of the charging station. 

Highlights 

  • A lack of public EV charging stations is holding back some consumers from purchasing EVs.

  • The time to charge an EV can range from 20 minutes to 20 hours or more.
  • There are three primary classifications of EV charging stations: level 1, level 2, and DC fast charging. 
    • Level 1 charging stations can charge two to five miles of range per hour.
    • Level 2 charging stations can charge ten to twenty miles of range per hour.
    • DC fast charging stations can charge 180 to 240 miles of range per hour.
  • Equipment and installation costs vary for the different types of EV charging stations.
    • Level 1 equipment ranges from $300–$1,500 and installation from $0–$3,000.
    • Level 2 equipment ranges from $400–$6,500 and installation from $600– $12,700.
    • DC fast charging equipment ranges from $10,000–$40,000 and installation from $4,000–$51,000.

Limitations 

  • Future needs assessments rely on assumptions of EV sales in the future. As a result, predicted future EV charging station needs can vary greatly based on the assumed future scenario.
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