Public EV charging stations are becoming essential for businesses, retail locations, multifamily properties, and municipalities. As electric vehicle adoption grows exponentially, installing multiple charging ports from the start offers several key advantages.

Key Benefits of Installing Multiple EV Charging Ports:

• Maximize available financial incentives, including the 30C tax credit worth up to $30,000 per location (expiring in 2021)
• Reduce overall installation costs by avoiding multiple infrastructure upgrades
• Increase visibility and attract more EV drivers to your location
• Future-proof your property as EV adoption continues to grow
• Gain competitive advantage over properties with limited charging options

Cost Considerations:

• Infrastructure costs (electrical upgrades, trenching, conduit) represent the largest expense
• One-time installation is more cost-effective than multiple upgrade projects
• Many incentives are only available for first-time installations

Growth Factors:

• U.S. currently has 1.4 million EVs on the road
• Global light EV sales doubled between December 2019-2020
• EV adoption continues to double annually in many states
• Industry projections suggest continued rapid growth

Practical Benefits:

• Increased customer dwell time at retail locations
• Better tenant satisfaction in residential properties
• Simplified parking management through app-based systems
• Enhanced property value and future adaptability
• Reduced competition for charging spaces

Planning Considerations:

• Evaluate current and future charging needs
• Consider location visibility and accessibility
• Account for potential expansion
• Research available incentives and tax credits
• Plan infrastructure to support maximum capacity

Installing multiple EV charging ports now, rather than gradually scaling up, provides the best return on investment while ensuring your property remains competitive as EV adoption continues to accelerate.

References:

• EV-Volumes.com - The Electric Vehicle World Sales Database
• CleanTechnica - 2020 U.S. Electric Vehicle Sales Report
• USA Facts - How Many Electric Cars are on the Road in the United States?

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