Demystifying Electric Vehicle Infrastructure Costs

August 7, 2024 | Chloe Carstensen | Education

At Drive Electric Minnesota, we continuously seek ways to educate more people about the benefits of electric vehicles. We are excited to release two new fact sheets that demystify all the infrastructure costs of adopting electric vehicles. They will inform fleets and single-family households with light-duty passenger vehicles on charging and installation costs, available rebates, and electric vehicle-specific rates. These fact sheets will provide valuable information to both seasoned electric vehicle drivers and people considering a purchase or lease in the future.

Fleet Electric Vehicle Infrastructure Costs

This fact sheet focuses on light-duty fleet vehicles and covers upfront charger costs, ongoing costs, energy charges, and demand charges.

Upfront charger costs cover the charging and installation costs of Level 2 commercial chargers and direct current fast chargers.
Ongoing costs provide information on networking fees and general charger maintenance.
Energy charges outline time-based electric rates utilities provide for electric vehicle charging and the cost savings from using these rates.
Demand charges explain additional electricity costs from operating electric vehicle chargers for your fleet, and how to lower peak electricity usage.

Residential Electric Vehicle Infrastructure Costs

Our residential fact sheet focuses on single-family households looking to add an electric vehicle charger for a future or current electric vehicle. It covers information on the upfront charger and installation costs as well as the ongoing costs associated with home electric vehicle charging.

Upfront charger and installation costs outline the range of prices for residential electric vehicle chargers and installation based on the features and additional wiring needed.
Ongoing costs cover the additional charges incurred from electric vehicle charging and provide a price comparison for a general rate versus a time of use rate.