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The Shocking Truth About Government Incentives and Level 2 Charging Station Uptake

5 Apr 2023 8 mins to read
Attention, plugheads! Are you ready to dive into the exciting world of EV charging stations and government incentives? You better buckle up, because things are about to get electric (pun intended). Electric vehicles are quickly gaining traction (another pun, sorry not sorry) as a cleaner and more efficient mode of transportation.
The Shocking Truth About Government Incentives and Level 2 Charging Station Uptake
Summary:

However, one of the biggest challenges facing EV drivers is the lack of charging infrastructure. Enter level 2 charging stations - these bad boys can juice up an EV in just a few hours, compared to the hours and hours it takes for a standard wall outlet to fully charge your ride.

Cost as the Primary Barrier

Despite the undeniable benefits of level 2 charging stations, adoption rates have been sluggish. And the biggest barrier? Cost, of course. Installing a charging station can cost several thousand dollars, potentially dissuading even the most eco-conscious drivers from taking the plunge. In order to help bridge this gap, the government has stepped in with incentives and rebates to make the transition to electric more accessible and affordable.

Government Incentives and Rebates

Government incentives and rebates can help cover a significant portion of the cost of a level 2 charging station, making it much more attractive for potential EV drivers. Here are some example incentives and rebates:

  • A federal tax credit of up to $1,000 for residential installations
  • State-level rebates, such as California's Clean Vehicle Rebate Project, which offers up to $1,500 for residential installations
  • Utility company incentives, such as Southern California Edison's $500 rebate for residential customers who install a Smart Charge Connect device

The Impact of Government Incentives on Uptake Rates

So, do these incentives actually make a difference in terms of uptake rates? The answer is a resounding yes. Let's take a look at some key takeaways:

  • A study by the International Council on Clean Transportation found that government incentives significantly increase EV sales in countries such as Norway, where EVs make up more than 50% of all new car sales
  • In California, home to one of the most generous EV incentive programs in the US, EV sales have increased from less than 2,000 in 2010 to nearly 250,000 in 2019
  • One study found that offering a rebate of $1,000 for residential charging station installation increased uptake rates by 50%

Final Thoughts

It's clear that government incentives and rebates can have a significant impact on uptake rates for level 2 charging stations. With the help of various tax credits and rebates, more drivers may be willing to invest in this vital infrastructure, making it easier and more convenient to transition to electric vehicles. Eventually, level 2 charging stations may become as common as gas stations, providing convenience and peace of mind for EV drivers.

So, what are you waiting for, plugheads? Let's get charged up and drive towards a cleaner, greener future!

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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