How will future proofing impact costs for EV charging infrastructure?

by | Apr 8, 2024 | Editorial

When looking into adopting EV charging at a business or workplace you may see a lot of information surrounding future-proofing your EV charging infrastructure. While this may seem like a good idea initially, it is hard to understand how this future proofing can impact the cost of the overall EV charging infrastructure.

 

Understanding Future-Proofing

Future-proofing is just as it sounds, it is the act of setting up extra parameters that allow for an easier / more successful project in the future. In terms of EV charging infrastructure it most often involves designing and implementing works and systems that allow for an easier expansion or upgrade of EV charging networks. This can be as small as choosing chargers that are solar compatible up to installing extra cable and infrastructure for an increase of chargers in the future with less groundworks. In short it is all about making strategic decisions today to minimize the need for costly retrofits or replacements down the line.

 

Upfront costs

When installing EV charging infrastructure with future-proofing. Realistically more often than not it does include a higher initial investment cost. These costs can include things like charger, ground working and electrical costs. With the price difference being from £100 – £10,000 depending on the requirements. But these costs are usually minimal compared to the possible future costs of retrofits or expansions in the future. It is important that when considering the upfront costs of a project like this that you understand the possibilities and needs for the future and if your current budget allows these additions.

 

The Infrastructure Grant

Along with the expected savings from future proofing your projects, you can now also receive grant funding toward these costs. The current grant available is for small- medium sized businesses and covers up to £15,000 or 75% of the works. The grant covers the costs for the sockets (charging ports) you want to install in the future covering the costs of things such as the wiring and posts that are put in place, on a minimum of 5 parking spaces. To learn more about the grant click here.

 

Long-Term Savings

One of the biggest advantages of future-proofing your EV charging infrastructure is the potential for long-term savings and operational efficiencies. By deploying these future proofing opportunities now you can optimize energy usage, reduce operational costs, and enhance revenue generation. It can also save money and time during the future installation of Charge point as with infrastructure already available for the chargers there will be no need for ground works allowing you to get the Charge point up and running quickly and as required with the most up to date chargers.

 

Regulations and Technological Advances

One of the biggest concerns when it comes to terms with future-proofing is the compliance with future regulations and technological advancements. But if you move forward with the future proofing with a reliable EV charge point installer, allows you to ensure that the infrastructure will be compliant with the ever evolving regulations and standards. By staying ahead of regulatory requirements, infrastructure owners can avoid non-compliance penalties and costly retrofits. Additionally, future-proofed infrastructure can seamlessly integrate emerging technologies, such as advanced energy storage and renewable energy integration if requested during the initial phase.

TL;DR

Simply put, future-proofing EV charging infrastructure involves setting up parameters that allow for easier future expansion or upgrades. While it may require a higher initial investment, it minimizes the need for costly retrofits later on. Upfront costs can include chargers, groundwork, and electrical expenses, but these are usually minor compared to potential future costs. Grants are available to cover part of these costs for small to medium-sized businesses. It also ensures compliance with evolving regulations and integrates emerging technologies seamlessly.

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