Here’s Why an EV Charging Station at Home is Worth the Investment
As we enter 2025, it won't be an exaggeration to state that the future of automobiles is electric. Gradually but steadily, the adoption of electric vehicles or cars is rising. According to Statista, around one million electric cars were sold in 2023. Between 2025 and 2029, the market exhibits a CAGR of 10.54%.
As car ownership increases, owners will face the dilemma of whether installing a station for electric car charging at home is worth it. Public charging infrastructure is available, but is it truly accessible for all at all times?
In this article, we will discuss the types of public charging stations available along with the benefits of having a charging station at home. It will help you understand how the latter is worth your investment.
Different Types of Public EV Charging Stations
The increasing demand for electric vehicles (EVs) has led to an urgency to set up public charging stations. They can be divided into four main types, as follows -
Destination-specific charging stations that can be found at specific destinations. These include hotels, shopping centers, hospitals, and so on. They offer a mix of rapid and slow charging at affordable costs.
On-street EV chargers may be available in residential areas. They are accessible for that area's residents to charge their vehicles while parked near the home.
En-route charging stations provide the fastest charging there is. They are usually available off main roads for drivers to charge during long trips. These chargers fully charge the EV battery in less than 30 minutes.
Why an EV Charging Station at Home may Be a Good Idea
According to the International Energy Agency (IEA), private EV charging at home is much more common than public charging. This is particularly true of dense cities where people live in multi-unit dwellings.
Since we expect to see more electric cars on the roads in the upcoming years, the debate regarding charging stations must be settled now. Let's look at a few compelling reasons why people are installing an EV charging station at home.
Convenience and Control
The modern lifestyle can be quite chaotic as it is, especially when it comes to overcrowded public roads. An EV charger at home spares car owners from their most dreaded prospect: not finding an accessible public charging station nearby.
After all, most states still do not have an optimal ratio of public EV chargers. There can be multiple scenarios here -
There are no charging stations in the vicinity because EV infrastructure is still in its nascent stages.
The one available nearby is already crowded, and it may take hours before one’s turn comes.
The charging station located nearby is not working and there's no telling when it will be up and running.
There's too much traffic on the road or pollution in the area that adds to the inconvenience.
It's possible to bypass all of this simply by installing an EV charging station at home. There's no need to fuss about a convenient charging time, especially when the car is needed for a drive the next morning.
ChargerPro states that the car can be left overnight for charging. That way, you can wake up to a fully charged car that promises you a secure drive. Home chargers are also pretty fast compared to some of the public ones, so that's another plus.
Greater Flexibility
A home EV charger not only provides car owners with greater convenience and control but also charging flexibility. You get to charge your vehicle at any time based on your car’s unique needs.
For instance, you can opt for fast charging if you're in a rush. Alternatively, slow charging overnight will get your vehicle ready for a long drive. It's possible to adjust your strategies according to energy requirements and your schedule.
Furthermore, are there any specific preferences or limitations of your electric car? Those can also be easily accommodated at home charging settings.
Longer EV Battery Life
The battery of an EV is quite similar to that of a smartphone. It tends to lose its effectiveness over time. At some point, constant use and charging will deplete its capacity to hold energy.
However, the degradation process can be slowed down by using a full battery as much as possible. A public charging station is precarious in this regard, where you may be able to snag only a few hours at a time.
This will significantly compromise the battery life. At-home charging will help you top off your battery before each drive, thereby helping you prolong its life.
Becoming Future-Proof
Let's be upfront: the trend surrounding EVs is not only undeniable but is also more than a trend. Electric cars are about to become a must-have aspect of future lifestyles.
Is now a good time to switch to EVs? USA Today believes so. It's no wonder that auto manufacturers are going all out with their EV production and sales.
If not now, you will have to get an EV charging station installed at home for convenience and cost-effectiveness sometime later. Doing so now will also future-proof your property against changing market dynamics.
As the transportation landscape evolves, new regulations and market expectations will emerge. A home charger only prepares you to stay relevant in the future.
Do you already own an EV or are you planning to purchase one this year? Gartner forecasts that 85 million of these mechanical powerhouses will be sold by the end of 2025.
While you're investing in an EV, do not put the debate about a charging station on the back burner. Get it settled, and better yet, have one installed within the comfort of your home’s premises.
