How Much Does It Cost to Install an EV Charging Station?

We’re seeing electric vehicles are becoming a more accessible purchase for Australians over time, driven by increase demand and government incentives. 

According to recent research, EV drivers can save around $1600 on fuel per year through transitioning from internal combustion engines. 

Regardless of whether you’re a business owner or a private EV driver, factoring the cost of EV charging infrastructure into your decision to transition to an electric vehicle is a key consideration. 

How do EV Home Charging Stations Costs Vary? 

The cost of an EV charging station varies based on the level of charging and whether infrastructure upgrades are required. 

Level 1 charging is the least expensive form of charging, requiring only a standard 240-volt standard outlet. Whilst most electric vehicles will come with a Level 1 charger, purchasing an additional plug will cost anywhere from $200 - $1,000. However, Level 1 charging is notably slow, taking around 40-50 hours to fill an electric battery. 

Level 2 chargers significantly speed up the rate of charge in comparison to Level 1 chargers and allow you to access enhanced safety features and experience increased connectivity to the vehicle. This hardware ranges from $1,000 to $2,000 depending on the brand. 

Level 3 (DC fast charging) involves the longest lead times and most invasive installation. Not only do Level 3 chargers typically start at a much higher price point, but they often will require expensive infrastructure upgrades that can climb up to the $100,000 mark. 

How Much do Public EV Charging Stations Cost? 

Level 2 AC chargers generally cost around $1,500 to $2,500, and installation costs are typically significantly higher than their private charger counterparts. 

Public DC charging infrastructure is typically installed along highways and at service stations and comes with the high price tag of $40,000 to $100,000. These chargers often necessitate a costly electrical infrastructure upgrade to 480 volts due to their current draw.  

EVOS Energy’s Energy Management systems allow you to install more EV charging stations that share power between them to sidestep expensive and lengthy upgrades to your electrical capacity. This allows you to reap the benefits of Level 2 AC charging, which is arguably better for your battery than DC charging, whilst forgoing the costs of electrical upgrades.  

If you have any questions about our AC EV Charger's costs, reach out to our friendly sales team at sayhi@evos.com.au