Installing electric vehicle (EV) charging stations can be a great addition to a property. Determining how many charging stations, however, can be difficult. The challenge is providing enough charging stations for both today’s and tomorrow’s needs. The number of EVs on the road is rapidly increasing, therefore, it is critical to provide enough charging stations for the increasing demand.
Fortunately, there are a few strategies you can implement to achieve a successful EV charging station project.
Today’s EV Market Share
Despite the on-going pandemic, EVs sold in record numbers in 2021. The largest contributors were the Tesla Model Y and Model 3. New entrants also help EV sales such as the Volkswagen ID.4 and Ford Mustang Mach E. By the end of 2021 there were 435,000 EVs sold in the United States per Reuters. Just five years ago only 157,000 EVs were sold per EV Volumes.
When compared to the total passenger vehicle market, EVs accounted for 3% of sales in 2021. In the EV-popular State of California, EVs represented around 11% of sales per Veloz. In other words, one in every ten vehicles sold in California was electric.
When planning your EV charging station project, it is important to consider the rising sales of EVs. As more and more people transition to electric, they will need more charging infrastructure.
Future EV Market Share
Another metric to consider when determining how many charging stations your project needs is future demand. While it is crucial to plan for today’s needs, it is also important to plan for tomorrow’s needs.
While it can be difficult to estimate what the future may bring, several analysts have predicted the future EV market share over the next decade. These estimates consider current vehicle and battery production, new models, new vehicle and battery factories, and pledged R&D investments across the automotive industry.
Analysts predict that by 2025 there will be 2,000,000 EVs sold, which would account for over 12% of the national market. By 2030, the same report estimates around 4,700,000 EVs sold with a nearly 30% market share. Even if these estimates are slightly off, you can see that the number of EVs are expected to rise significantly.
EV Charging User Survey
Lastly, another strategy to determine the number of charging stations needed is to conduct a user survey. If the project is at a workplace or multifamily property, a survey can be conducted to evaluate how many occupants currently have an EV or plan to get one in the near future. The survey should also ask how much installing charging stations would affect the occupant’s decision to get an EV. Based on the survey results, you can predict how many charging stations are needed for the project.
If the project budget is not able to include enough EV charging stations to account for future demand, consider installing chargers for today’s needs and installing make-ready infrastructure on your property.
EV-ready infrastructure includes everything but the charging station itself. With this, all the necessary underground work and electrical system are “made ready,” which is less expensive than installing the full charging station. When the EV charging demand gets to the point where more chargers are needed, a contractor can simply install the hardware at the pre-specified parking space. With make-ready infrastructure, the contractor will not need to rip up concrete or asphalt again or upgrade any electrical panels since that work was completed during the initial installation.
SemaConnect EV charging stations are compatible with new construction, retrofit projects, or existing make-ready infrastructure. As a bonus, SemaConnect chargers offer load management software. This system can reduce project costs since it intelligently utilizes existing electrical capacity across charging stations. Interested in learning more? Connect with one of our experts today!