Should I Invest in an Electric Vehicle Charger in 2024?

As a business is 2024 the right time to invest in electric vehicle charging points.

  • Danny Edmonds profile picture
    by Danny Edmonds

New Regulations for Businesses

Electric vehicles (EVs) are becoming increasingly popular due to their environmentally friendly nature and reduced running costs. According to Statista, it is estimated that there will be nearly 100 million EVs on the road globally by 2030. This presents a unique opportunity for businesses and individuals to invest in the infrastructure required to support these vehicles. One key piece of infrastructure is electric vehicle chargers. In this blog post, we will explore whether investing in an electric vehicle charger in 2024 is a wise decision.

1. Cost Savings

One of the biggest advantages of owning an EV is the reduced running costs compared to traditional petrol and diesel vehicles. By owning an electric vehicle charger, you can save even more money by charging your car at home. According to the Energy Saving Trust, it costs an average of £8.40 to fully charge an EV at home, which equates to around 2p per mile driven. In addition, you can take advantage of off-peak electricity rates, which can be much cheaper than standard rates. Therefore, investing in an electric vehicle charger in 2024 could be a smart long-term financial decision.

2. Convenience

Another advantage of owning an electric vehicle charger is the convenience it provides. With your own charger, you can charge your car on your own schedule without having to rely on public charging infrastructure. This can save you time and hassle, especially if you have a busy lifestyle. In addition, you can avoid queues at public charging points and avoid the risk of them being out of order.

3. Future-proofing

Investing in an electric vehicle charger in 2024 can future-proof your home or business. As more and more people switch to EVs, the demand for charging infrastructure will only increase. By investing in an EV charger now, you can be ahead of the curve and avoid the potential of long waiting times or high fees for public charging points in the future. This could be particularly beneficial if you are running a business that relies on a fleet of electric vehicles.

4. Environmental Benefits

Electric vehicles are much greener than petrol and diesel vehicles, emitting fewer pollutants and emitting zero carbon dioxide emissions. By owning an electric vehicle charger, you can increase the uptake of EVs and contribute to a cleaner, greener future. Additionally, if your electricity is sourced from renewable sources, then charging your EV at home or work has even lower carbon emissions.

5. Cost of Installation

The price of installation can vary depending on the type of charger you choose and your location. There are a wide range of electric vehicle chargers on the market now and we can help you choose th best type of charger for your requirements.

Contact Prowired today to talk to us about installation and we can help guide you through the process so that you are ready for future.