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Across America, electric vehicles (EV) are growing in popularity. In many urban centers, commercial EV charging stations are a must when it comes to attracting to tenants, residents, visitors, and consumers to a particular property. As an added bonus, these EV charging stations can generate revenue for the property. But just how much revenue do they generate? Is the investment in commercial EV charging stations worth it?<\/p>\n
With record high gas prices<\/a> in America, many consumers are considering purchasing an EV. This begs the question, how much does it cost to charge an EV? The answer to this question depends on a few factors. First and foremost, is the cost of energy. Most EV’s travel 3 to 4 miles per kWh. In March 2022, the average cost of 1 kWh, according to the U.S. Energy Information Administration<\/a>, was $0.1447. At that rate, it costs approximately $36 to $48 to drive 1,000 miles per month. These prices, however, really only apply to chargers in private residential homes.<\/p>\n Charging an EV at a paid station, which typically charge more quickly, have higher costs for two main reasons. First, charging station owners are able to set their own rates. The second reason is the cost of energy, which is variable. EV charging station owners are going to raise rates as energy costs increase. According to most resources, the average cost to fully charge an EV at a DC Fast Charging Station<\/a> ranges from $10 to $30.<\/p>\n <\/p>\n