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Friday, September 4, 2020

In The UK, Interest In Buying A New EV Has Fallen From 16 Percent To 4 Percent -- September 4, 2020

This article is behind a paywall, but I was able to access it quite easily. 

Google: electric car sales double in UK in August

Two takeaway items from this article on EV sales in the UK in August, 2020:

First:

The Society of Motor Manufacturers and Traders calculated that £16.7 billion needs to be spent to have enough charging stations for all new UK cars to become electric -- the equivalent of 507 chargers installed per day between now and 2035. 

That's "per day" in the UK only, a very, very small country compared to the US and very, very dense in population. Absolutely the very opposite of what we see in the US. 

Second:

While new electric car sales have been rising, there are also signs that the pandemic has hurt consumers’ ability to pay the upfront costs of the cars, which tend to be significantly more expensive than fossil-fuel powered vehicles.  

Auto Trader found that the percentage of customers considering buying a battery electric car fell from 16 per cent in January to 4 per cent last month, with half saying their finances had deteriorated because of the economic impact of coronavirus.

This corroborates my feelings that EVs are a luxury item bought by folks when times are flush, and with plenty of money to spend. 

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What Is The Cost Of Installing A Level 2 EV Battery Charger?

Link here.

Level 1, single home units: $3,000. In the near future will probably be standard in any new home where the price will be hidden in the overall price of the home. As an add-on, it will likely provide a huge margin for the homebuilder who may charge (no pun intended) double what the actual cost might be. 

Level 2: On average, $6,000, for commercial units that charge over four to eight hours. This is the kind we will see in apartment complexes, possibly in malls, parking garages.

Fast-charging-units for those needed along highways for cross-country trips: $50,000. These will be the units that Americans want subsidized by the US government. These will also require "parking-lot" footprints several times larger -- perhaps as much as 10x larger -- than the average eight-pump conventional service station. A fast-charging unit -- charging two cars at once -- will require a "parking-lot" footprint for up two ten vehicles: area needed for eight cars waiting (2x 15 minutes / charging unit) or eight vehicles for a two-unit EV charging point plus additional room for turning, re-positioning, exiting.

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