EV charging stations are basically plug-ins to recharge electric vehicles (vehicles that run on battery bower rather than gasoline or diesel). Electric vehicles have a special plug port to which drivers can attach a plug connected to a dedicated power source. While there are increasingly more of such charging stations around the country, some EV drivers may find it difficult or inconvenient find a public station and spend time waiting for their vehicle to charge. This is where home EV charging stations become convenient.
Public charging stations can look as small as a flag pole and as large as your typical gas pump. Home charging stations can be installed into or next to a wall in your garage or parking area. There are three main types of charging stations:
If you own or plan to purchase an electric vehicle, you should probably consider the convenience that a home EV charging station will afford you. You can let your vehicle charge overnight and not have to worry about trying to find a charging station when you’re out and about and low on power.
Public charging stations are convenient, but there is still a limited number of locations nationwide. Even if you happen to live in a part of the country with plenty of charging stations, you need to take into account the cost of public charging. Rates for public charging stations are typically much higher than your home’s cost of electricity. There are three different pay models you’re likely to run into with chargers away from home:
Home charging stations do not require a subscription. After installation costs, their only out-of-pocket expense is the electricity they use up while charging. Home electricity rates are often cheaper than rates at a network EV station. You can also charge your vehicle conveniently at your home overnight instead of waiting at a station elsewhere.
Home charging stations come with an initial installation cost, but after they are in place, you only have to worry about the cost of electricity, which still usually ends up being signficantly cheaper than paying for gas. According to EPA estimates, charging a vehicle at home to drive 25 miles costs around $0.96. This is significant savings when you consider that gas averages over $2.00 per gallon in most parts of the country.
Depending on the type of system you choose, the system itself can cost up to about $600 with installation costs starting at $300. However, depending on where you live, the government may cover a portion of the installation costs. Up to 30 percent of the costs of your new charging station might also be eligible for special rebates or tax credits, depending on where you live.
You could save up to 30 percent of the costs of your new charging station and you might also be eligible for special rebates or tax credits, depending on where you live.
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