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Is Investing in ChargePoint Charging Stations Worth the Cost?

5 Apr 2023 8 mins to read
As electric vehicles (EVs) continue to gain popularity, the need for charging infrastructure also increases. One of the market leaders in EV charging stations is ChargePoint. We spoke with industry experts to get their take on the cost benefits of investing in ChargePoint charging stations.
Is Investing in ChargePoint Charging Stations Worth the Cost?
Summary:

The Advantages of ChargePoint Charging Stations

ChargePoint offers a variety of charging stations for different levels of charging speeds, from Level 1, which uses a standard 120V outlet and provides a slow charge, to Level 3 or DC fast charging, which provides 80% charge in 20-30 minutes. Here are some of the advantages of ChargePoint charging stations:

  • ChargePoint stations are compatible with all EV models
  • ChargePoint provides real-time status updates via their app and website
  • ChargePoint offers customizable pricing and access controls for businesses
  • ChargePoint has a large network of charging stations across the United States
  • ChargePoint offers 24/7 customer support

The Cost of ChargePoint Charging Stations

The cost of ChargePoint charging stations can vary depending on the level of charging speed and additional features included. Level 1 charging stations start at around $500, while Level 3 charging stations can cost upwards of $30,000. However, it is important to consider the long-term cost benefits of investing in EV charging infrastructure.

The Cost Benefits of ChargePoint Charging Stations

According to a report by the Department of Energy, owning and operating a Level 2 charging station for a workplace or public area can yield an annual net profit of $2,000 to $4,000, depending on the location and usage of the station. Here are some of the cost benefits of investing in ChargePoint charging stations:

  • Increase in property value
  • Attract customers or employees who own EVs
  • Reduce greenhouse gas emissions and promote sustainability
  • Potential revenue through customizable pricing and access controls (for businesses)

Key Takeaways

Investing in ChargePoint charging stations may initially seem like a costly endeavor, but the long-term benefits outweigh the upfront expense. ChargePoint offers a variety of charging stations and additional features to fit the needs of any business or individual looking to invest in EV charging infrastructure. Plus, with the continued growth of the EV market, owning EV charging infrastructure will become increasingly valuable.

Industry Statistics

  • As of June 2021, there are over 1.7 million EVs on the road in the United States. (Source: evadoption.com)
  • In 2020, sales of EVs in the United States increased by 4% compared to 2019. (Source: IEA)
  • By 2040, it is projected that 54% of new car sales will be EVs. (Source: BloombergNEF)

In conclusion, investing in ChargePoint charging stations is definitely worth the cost in the long run. As the EV market continues to grow, owning EV charging infrastructure will become a more valuable asset. Plus, ChargePoint offers a variety of charging stations and features to fit the needs of any business or individual. It's a win-win investment for both sustainability and profitability.

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1 Comment


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I've invested in several charging stations and so far, so good!

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Energy5 EV Charging solutions comprise a full range of end-to-end turnkey services for businesses. From permitting to incentive acquisition to installation, management software, and down-the-road maintenance, Energy5 streamlines the whole process every step of the way.
Address
300 W Somerdale Rd, Suite 5, Voorhees Township, NJ 08043
Email address
hello@energy5.com
Phone number
(856) 412-4645
logo
Energy5 EV Charging solutions comprise a full range of end-to-end turnkey services for businesses. From permitting to incentive acquisition to installation, management software, and down-the-road maintenance, Energy5 streamlines the whole process every step of the way.
Address
300 W Somerdale Rd, Suite 5, Voorhees Township, NJ 08043
Email address
hello@energy5.com
Phone number
(856) 412-4645