Level 1 charging stations are the most basic type of EV charging stations, and they typically come equipped with EVs. These stations use a standard 120-volt outlet, and cars typically charge at a rate of 4 to 5 miles per hour. The cost of installation and purchasing a Level 1 charging station ranges from $300 to $4,500.
Level 2 charging stations are the most commonly used type of charging station. These stations use a 240-volt outlet, which allows cars to charge four to six times faster than a Level 1 station. The installation and purchasing of a Level 2 charging station range from $2,000 to $10,000.
DC fast charging stations offer the fastest charging times, but they are also the most expensive type of charging station. These stations supply electricity directly to the car's battery, allowing for a charge time of 20 to 30 minutes. The installation and purchasing of a DC fast charging station range from $10,000 to $40,000.
Installing EV charging stations at your business can be a smart and sustainable move that may help attract new customers. There are several options to choose from, ranging in price and charging speed. When determining which option to choose, businesses should consider their location and how frequently these stations would be used. Whatever type of charging station a business chooses, it is clear that in the near future, it will be crucial for businesses to adapt to the rise of EVs.
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