The Catch 22 of EV Charging: Lack of Stations vs. Lack of EVs

  • 📰 cleantechnica
  • ⏱ Reading Time:
  • 32 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 51%

Technology News

Evs,EV Charging,Fast Chargers

EV chargers are expensive, making it difficult for businesses to invest in charging stations. However, potential EV owners are hesitant to buy EVs due to the lack of charging stations in desired locations. This creates a dilemma where property owners don't want to invest without demand, and potential EV owners don't want to buy without sufficient charging infrastructure.

When it comes to EVs and EV charging, there’s a big chicken-and-egg problem, or perhaps better put, a Catch 22. EV chargers are expensive, especially for fast chargers. A decent charging station can easily cost a million dollars, and then cost thousands per month to keep running. So, when a business is deciding whether to spend big bucks on putting a station in, the obvious first question is whether they’ll get that money back, and hopefully more.

But, when we don’t have fast charging available in all of the places we want to take an EV, it’s hard to justify buying the EV to begin with. Most interstate highways are covered well in the United States now, but there are still many other highways that are dead zones, even for Tesla vehicles. For the people who need or want to drive on those roads, an EV is still not the best choice. This is where the dilemma comes in. Property owners don’t want to invest in an EV charging station because nobody comes through in an EV. But, people who would buy EVs and drive them there aren’t doing that because there are no stations

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 565. in PROPERTY

Property Property Latest News, Property Property Headlines