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EV Charging Knowledge Bank

Commercial EV Charging Stations Costs
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How much does a commercial chargepoint cost?
Electric car charger income
Annual profit and payback time
The UK government currently offers businesses a contribution towards
workplace EV charging stations costs of £350 per charger, for up to 40
chargers. Find out more about the Workplace Charging Scheme.

How much does a commercial chargepoint cost?

The installed cost of a commercial EV chargepoint is typically £1,000 to £1,500
+ VAT, depending on the charger model, communications required, number of
chargers installed and the install specifics in terms of cabling, fixings and
foundations etc.

If the charger is for work purposes (off-street, supplying private users of the
business rather than members of the public), it should qualify for a £350 grant
under the Workplace Charging scheme.

So let’s work to a net installed cost of £1150 + VAT.

Electric car charger income

Now suppose one person charges their car for 250 days a year, using 25kWh
each charge. And let’s say you are able to ‘sell’ electricity to them at a profit of
4p per kWh (either charging directly per kWh, or by taking payment for charger
time). So every day you make £1 profit on the charger, with total ‘gross profit’
of £250 per year.

Annual profit and payback time

The annual running costs of the charger will depend on the product you buy
and the charger management model you adopt, but the cost is unlikely to be
more than £50 per charger per year in data fees and / or time.

So overall you can make a £200 profit each year from a single chargepoint.

In other words, even with one user per day, weekdays only, the charger can pay
for itself in 6 years. If two people use it per day, the payback time will fall to
under 3 years.

With a 7kW charger, 25kWh requires 3 1/2 hours charge, so realistically, it’s
reasonable to assume that two people will use the charger every day.
A payback time of 3 – 6 years is very reasonable, particularly as by installing a
charger, you are doing the right thing from a CSR point of view, while meeting
the needs of your employees.

Call us on 0118 951 4490 to discuss your project or to request a quote.

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EV Charging Essentials

Understanding Electric Car Charging

Incentives & Prices

Electric Car Charging Point Costs

Workplace Charging Scheme

OZEV Grant for Homeowners

Commercial EV Charging Costs

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